Question
Baxtra, Inc. pays $20,000 in cash as interest to its lenders during 2015. According to U.S. GAAP, in which section of the statement of cash
Baxtra, Inc. pays $20,000 in cash as interest to its lenders during 2015. According to U.S. GAAP, in which section of the statement of cash flows would this payment be included?
The operating section
The financing section
The investing section
Depends on whether cash flow statement is direct or indirect method.
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
5th Edition
0470251395, 978-0470251393
