Which of the following events is a financing activity to a company?
A) Selling equipment
B) Paying interest on a loan
C) Paying off the principal portion of a loan
D) Purchasing equipment
Please select one of the answers stated above.
The correct answer is B. Paying interest on a loan is found on the liability side of the balance sheet and is ...
For each of the four events, the solution explains the category for inclusion on a cash flow statement.