In cash flow statement the item of interest is shown in A Operating Activities B Financing Activitie...........

Accountancy (Phase -I & II) cash flow statement

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In cash flow statement, the item of interest is shown in

A) Operating Activities

B) Financing Activities

C) Investing Activities

Both A and B

Both A and C

Both B and C

A, B, C

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Explanation:

In the statement of cash flows, interest paid will be reported in the section entitled cash flows from operating activities. Since most companies use the indirect method for the statement of cash flows, the interest expense will be "buried" in the corporation's net income.