Foundation of Finance
Quick practice
Question 1 of 5
Under Accounting Standard 3 (AS-3), how must a standard manufacturing company, which is not a banking or financial enterprise, strictly classify the payment of interest on its long-term bank loans in its Cash Flow Statement?
A
As a cash outflow under Operating Activities.
B
As a non-cash transaction excluded from the statement.
C
As a cash outflow under Investing Activities.
D
As a cash outflow under Financing Activities.
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