Under ASPE, the payment of interest on a mortgage payable may be classified as a cash outflow from financing activities.

Name: Under ASPE, the payment of interest on a mortgage payable may be classified as a cash outflow from financing activities.
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Under ASPE (Accounting Standards for Private Enterprises), interest payments are typically classified as cash outflows from operating activities, not financing activities.

Under ASPE, the Payment of Interest on a Mortgage Payable