Under ASPE, payment of interest to lenders of debt is considered an operating activity because the item is reported on the income statement where the results of operations are shown.

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Under Accounting Standards for Private Enterprises (ASPE) in Canada, interest paid to lenders is considered an operating activity because it is related to the operations of the business and is reported on the income statement, reflecting its impact on the operational results of the company.

Under ASPE, Payment of Interest to Lenders of Debt Is