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When Using the Indirect Method of Preparing the Statement of Cash

Question 14

Multiple Choice

When using the indirect method of preparing the statement of cash flows, the payment of interest is considered to be:


A) an outflow of cash that results from a financing activity.
B) an outflow of cash that results from an investing activity.
C) an outflow of cash that results from an operating activity.
D) an activity that is not reported on the statement of cash flows.

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