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The Stranding Corporation paid $2,000,000 cash for interest payments in 2020. How should this cashflow be reported on their statement of cashflows? Group of answer
The Stranding Corporation paid $2,000,000 cash for interest payments in 2020. How should this cashflow be reported on their statement of cashflows? Group of answer choices
1. Cash outflow in the operating section
2. Cash outflow in the financing section
3. Cash inflow in the financing section
4. Cash outflow in the investing section
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