Statement of Cash FLow

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

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August 24, 2020 at 11:41 pm #581821
arahnsathananthan
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Hi John. Why do you adjust for Interest expense by adding it and then remove it in the Cash flows from Operating Activities ?
August 25, 2020 at 7:03 am #581843
John Moffat
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We add the expense that was charged in the SOPL, and then subtract the interest that was actually paid. The two might not be the same because there could be some of the interest still owing at the end of the year.
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