KnittingCo enters into a finance lease of a spinner. During the first year of the lease KnittingCo made a payment to

the lessor of $16,000, which represents:

repayment of the principal portion of the lease of $12,000

repayment of the interest portion of the lease of $4,000.

How should KnittingCo classify this payment in its cash flow statement?

KnittingCo enters into a finance lease of a spinner. During the first year of the lease KnittingCo made a payment to the lessor of $16,000, which represents: - repayment of the principal portion of the lease of $12,000 16 . repayment of the interest portion of the lease of 54,000. How should KnittingCo classify this payment in its cash flow statement? Select the one correct option and then select Submit. KnittingCo should disclose the whole amount of $16.000 within financing activities. KnittingCo should disclose the whole amount of $16,000 within operating activities. KnittingCo should disclose $12,000 within operating activities and $4,000 within financing activities. KnittingCo should disclose $12,000 within financing activities and $4,000 within either operating, investing or financing activities, as long as it is consistently presented over the period