Under IFRS, an entity may account for interest paid as
A) Operating activities
B) Investing activities
C) Financing activities
D) Operating or investing
E) Investing or financing
F) Operating or financing

Question

Quizplus · Accepted Answer

Under IFRS, interest paid can be classified as either operating or financing activities in the statement of cash flows, depending on the entity's accounting policy choice.

Under IFRS, an Entity May Account for Interest Paid as