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Basic Question 2 of 3
Which statement is CORRECT regarding presentation choices permitted in IAS 7?
B. Interest paid must be classified as financing cash flows.
C. Interest paid may be classified as either operating or financing cash flows.
A. Interest paid must be classified as operating cash flows.
B. Interest paid must be classified as financing cash flows.
C. Interest paid may be classified as either operating or financing cash flows.
User Contributed Comments 2
| User | Comment |
|---|---|
| Inaganti6 | Under US GAAP it's only CFO ? |
| r3v3r3n6o | Yes, only CFO under US GAAP. |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
contrast cash flow statements prepared under International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (US GAAP)
CFA® 2025 Level I Curriculum, Volume 2, Module 4.