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Trivet Co. uses the DIRECT method to present cash flows from operating activities. On January 1, 20A1, Trivet Co. owed a $500,000 note payable to
Trivet Co. uses the DIRECT method to present cash flows from operating activities. On January 1, 20A1, Trivet Co. owed a $500,000 note payable to Big Bank. Trivet paid Big Bank a total of $130,000 in 20A1, which was $100,000 of principle and $30,000 of interest. How should the $130,000 payment be presented on Trivet's Statement of Cash Flows for 20A1? Group of answer choices $100,000 as a financing activity and $30,000 as an operating activity. $130,000 as a financing activity. $130,000 as an operating activity. $30,000 as an operating activity and the $100,000 retirement of debt will be presented in a supplemental schedule
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