Treatments of items in the cash flow statement that differ between IFRS and GAAP include all of the following except the allowed treatment of
A)any cash outflows for development costs that were capitalized as intangible assets
B)losses on the early retirement of bonds
C)bank overdrafts
D)income taxes related to financing and investing activities

Question

Quizplus · Accepted Answer

Under both IFRS and GAAP, losses on the early retirement of bonds are treated similarly in the cash flow statement, typically classified within financing activities. The other options (A, C, D) represent areas where IFRS and GAAP have differing treatments regarding the cash flow statement.

Treatments of Items in the Cash Flow Statement That Differ