On December 31, 2019, Maple Inc had paid $5,000 in interest expense on a $100,000 note payable
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Question:
On December 31, 2019, Maple Inc had paid $5,000 in interest expense on a $100,000 note payable issued January 1, 2019. How would this show up on the cash flow statement?
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| Operating Cash adjusted up for $100,000 Financing Cash adjusted down for $5,000 |
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| Operating Cash adjusted down for $5,000 Financing Cash adjusted up for $100,000 |
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Financing Cash adjusted up for $95,000
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| Investing Cash adjusted down for $5,000 Financing Cash adjusted up for $100,000 |
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