Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 26 - No. 50)
What is the effect of an interest expense on the statement of cash flows?
It appears as an inflow under the operating activities section.
It appears as an outflow under the operating activities section.
It appears as an outflow under the financing activities section.
It does not appear on the statement of cash flows.
Explanation
Interest expense is an operating cash outflow.
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