The payment of semi-annual interest on outstanding bonds payable is classified in the statement of cash flows as a(n):

Operating Activity

Explanation:

Interest payments are classified as cash outflow resulting from operating activities and must be presented as such in the cash flow statement whether the indirect or direct method is used to prepare the cash flow statement

answer: e

explanation:

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."