On a quiz, I said that interes t is not part of"cash flow from operations" because it should be part of cash flow from financing activities or investment activities. For example: if you are borrowing money to buy a new machine or if paying interest to your bondholders.
Right, that’s what tripped me up on - I wrongfully assumed the cashflow followed the logic of the income statement (like you said, where interest doesn’t count as an operating expense)