In the case of financial enterprises, cash flows arises from interest paid should be classified as cash flow from:

CS Executive · Corporate and Management Accounting · PYQS · December 2019
In the case of financial enterprises, cash flows arises from interest paid should be classified as cash flow from:
(A) Operating Activities
(B) Investing Activities
(C) Financing Activities
(D) Either (B) or (C)

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Accounting

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