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The payment of semi-annual interest on outstanding bonds payable is classified in the statement of cash flows as a(n):
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The payment of semi-annual interest on outstanding bonds payable is classified in the statement of cash flows as a(n):

User Shammir
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Answer:

Operating Activity

Step-by-step explanation:

Interest payments are classified as cash outflow resulting from operating activities and must be presented as such in the cash flow statement whether the indirect or direct method is used to prepare the cash flow statement

User Seop Yoon
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