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:

Dove Campaign

A series of marketing campaigns by the Dove brand, known for promoting body positivity and challenging beauty standards.

Real Beauty

A concept that encourages the appreciation of natural, unaltered individual appearance, advocating for the recognition of inner value beyond societal beauty standards.

Feminist

Refers to advocacy for women's rights on the ground of the equality of the sexes.

Text Messages

Brief electronic messages sent between smartphones, cellphones, or other digital devices, using standardized communication protocols.