Final answer:
In a company's statement of cash flows, you would be able to determine whether the company repaid any portion of its debt during the year in the Financing Activities section.
Step-by-step explanation:
In a company's statement of cash flows, you would be able to determine whether the company repaid any portion of its debt during the year in the Financing Activities section.
Financing activities involve transactions related to the company's long-term debt, equity, and capital. It includes activities such as issuing and repaying loans, issuing and buying back stock, and paying dividends.
If Apex Corporation repaid any portion of the $62 million bank loan during the year, it would be recorded as a cash outflow in the Financing Activities section. Repayment of a loan taken by a company is recorded under the Financing Activities section of the company's statement of cash flows. This section includes transactions related to debt, equity, and the payment of dividends.
Therefore, if Apex Corporation repaid any portion of its $62 million bank loan, it would appear in the Financing Activities section. This is because when a company makes payments against the loans it has taken, it reflects how the firm manages its financial capital and liability structure, which is considered a financing activity.