All of the Following Statements Related to Reporting Cash Flows

question 164

Multiple Choice

All of the following statements related to reporting cash flows from operating activities under U.S.GAAP and IFRS are true except:

• A)The definition of cash and cash equivalents is similar for U.S.GAAP and IFRS.
• B)U.S.GAAP requires cash flows from interest revenue and dividend revenue be classified as operating activities.
• C)IFRS permits classification of interest revenue and dividend revenue under operating or investing activities.
• D)U.S.GAAP requires cash outflows for interest expense to be classified as financing activities.
• E)IFRS permits classification of interest expense under operating or financing activities.

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Definitions:

Psychotic

Relating to or characterized by psychosis, marked by a disconnection from reality, often including delusions and hallucinations.

Active-phase Symptoms

Signs and symptoms that are prominently observable during the acute phase of a psychiatric disorder, such as schizophrenia, including hallucinations, delusions, and disorganized thinking.

Life-expectancy

The average period that an individual is expected to live, based on statistical averages of age, sex, and other factors.

Schizophrenia

A chronic mental health disorder manifesting in disordered thoughts, perceptions, emotions, and behavior.