Under IFRS,interest revenue may be classified as an operating,investing or financing activity assuming that this classification is applied consistently across all periods.

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This statement is true. Under IFRS, interest revenue can be classified as an operating, investing, or financing activity as long as the same classification is consistently applied across all reporting periods. The classification depends on the nature of the entity's operations and the type of interest-bearing instruments it holds. However, once a classification is chosen, it should not be changed from one period to the next unless there is a significant change in the nature of the entity's operations.

Under IFRS,interest Revenue May Be Classified as an Operating,investing or Financing