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Johnson company repaid $10,000 of principal and S1,000 in interest on a loan from First American Bank. How should these transactions appear on the Statement
Johnson company repaid $10,000 of principal and S1,000 in interest on a loan from First American Bank. How should these transactions appear on the Statement of Cash Flows: O The principal is a cash outflow from financing activities and the interest is a cash outflow from operating activities O The principal and interest are cash outflows from investing activities O The principal and interest are cash outflows from financing activities O The principal is a cash outflow from investing activities and the interest is a cash outflow from financing activities
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