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Naifation
Newbie
Newbie

Joined: 16 Apr 2009
Location: United States
Online Status: Offline
Posts: 24

Posted: 03 May 2011 at 09:55 \| IP Logged

Can any buddy tell me why is Payments to retire mortgage notes are considered cash outflows from financing activities?

Mars
Major Contributor

Joined: 11 Mar 2007
Online Status: Offline
Posts: 514

Posted: 03 May 2011 at 14:11 \| IP Logged

Mortgage is considered borrowing
financing activities section includes ,, obtaining (cash inflow) and paying (cash outflow) the principal of borrowings.

I hope this helps.

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