A company settles a long-term note payable plus interest by paying $68,000 cash toward the principal amount
Question:
A company settles a long-term note payable plus interest by paying $68,000 cash toward the principal amount and $5,440 cash for interest. The amount reported as a use of cash under cash flows from financing activities is
a. Zero; this is an investing activity.
b. Zero; this is an operating activity
c. $73,440.
d. $68,000.
e. $5,440.
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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