Suppose Waterman Cable Company lent $125,000 to Comcast. On December 31, 2015, Comcast paid back the $125,000 and also paid $3,000 interest to Waterman Cable Company. Under U. S. GAAP, what would be the impact of the repayment on Waterman Cable Company's statement of cash flows using the direct method? a. The $125,000 would be shown as an increase in the funds in the Financing Section but the $3,000 would be shown as an increase in the Investing Section. b. The $128,000 would be shown as an increase in the funds in the Operating Section. c. The $125,000 would be shown as an increase in the funds in the Investing Section but the $3,000 would be shown as an increase in the Operating Section. d. The $128,000 would be shown as an increase in the funds in the Investing Section.
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