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In the Statement of Cash flows, interest expense is categorized as part of which of the following activities? A. Operating Activities B. Investing Activities C.

In the Statement of Cash flows, interest expense is categorized as part of which of the following activities?

A.

Operating Activities

B.

Investing Activities

C.

Both Operating and Financing Activities

D.

Financing Activities

Which form or forms of income are best used as a basis for developing a future forecast of company performance?

A.

Economic Income.

B.

Net Income and Comprehensive Income.

C.

Permanent, sustainable or continuing income.

D.

Non-recurring income and Value Irrelevant Components.

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