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Royce Company had the following transactions during the fiscal year ended December 31, 2005:
Royce Company uses the direct method to prepare its statement of cash flows at December 31, 2005. The interest paid to bondholders is reported in theA. Operating section, as a use or outflow of cash. B. Investing section, as a use or outflow of cash. C. Financing section, as a use or outflow of cash. D. Debt section, as a use or outflow of cash. |