CFA Practice Question

There are 90 practice questions for this study session.

CFA Practice Question

Which statement is CORRECT regarding presentation choices permitted in IAS 7?

A. Interest paid must be classified as operating cash flows.
B. Interest paid must be classified as financing cash flows.
C. Interest paid may be classified as either operating or financing cash flows.
Correct Answer: C

IAS allows the choice of operating or financing cash flows for interest paid or received.

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