Maneesh 30 April 2020 at 14:38 PM

Select the combination below that explains the impact of credit card interest incurred and paid during the period on (1
equity on the balance sheet and (2) the statement of cash flows.
A. (1) Decrease (2) Operating outflow
B. (1) Decrease (2) Financing outflow
C. (1) No effect (2) Financing outflow
D. (1) No effect (2) Operating outflow