Final answer:
Interest payments are typically recorded under Operating Activities in the Statement of Cash Flows since they are related to the day-to-day operations of a business.
Step-by-step explanation:
To answer the question regarding the inflow/outflow section of the Statement of Cash Flows (SOCF) for the payment of interest owed, we look at the three main categories of the SOCF which are Operating Activities, Investing Activities, and Financing Activities. Paying interest owed is generally included in the Operating Activities section of the SOCF. This is because interest payments are considered part of the day-to-day operations of a business.