Companies may report interest received and dividends received as investing activities using:
A) U.S. GAAP.
B) IFRS.
C) Both U.S. GAAP and IFRS.
D) Neither U.S. GAAP nor IFRS.

Question

Quizplus · Accepted Answer

Under IFRS, companies have the option to classify interest received and dividends received as either operating or investing activities, whereas U.S. GAAP typically requires these items to be classified as operating activities.

Companies May Report Interest Received and Dividends Received as Investing