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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 am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
contrast cash flow statements prepared under International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (US GAAP)
CFA® 2024 Level I Curriculum, Volume 2, Module 4.