For companies reporting under ASPE, typical cash payments classified under financing activities will include the following payment
A) to redeem long-term debt or reacquire shares.
B) to employees for services.
C) to lenders for interest.
D) to make loans to other companies.

Question

Quizplus · Accepted Answer

Payments to redeem long-term debt or reacquire shares are classified under financing activities according to Accounting Standards for Private Enterprises (ASPE).

For Companies Reporting Under ASPE, Typical Cash Payments Classified Under