One area of difference between GAAP and IFRS cash flow reporting is the

Question

Quizplus · Accepted Answer

The key difference between GAAP and IFRS in cash flow reporting lies in the allowed classifications of dividends and interest paid or received. Under IFRS, entities have more flexibility in classifying interest and dividends received and paid in either operating, investing, or financing activities, while GAAP has more specific requirements for these items.

One Area of Difference Between GAAP and IFRS Cash Flow