Final answer:
Interest paid on debt under ASPE is reported in the d) Operating Activities section of a statement of cash flows because it's part of the day-to-day operational costs.
Step-by-step explanation:
Under Accounting Standards for Private Enterprises (ASPE) in Canada, interest paid on debt would be reported on a statement of cash flows under the d) Operating Activities section.
Despite being related to financing, interest paid is considered to be an operating outflow because it is part of the day-to-day operations that involve the cost of borrowing funds.
On the cash flow statement, operating activities typically include cash receipts from sales of goods and services, cash payments to suppliers for goods and services, and other payments like taxes, interest, and salaries.