Treatments of Items in the Cash Flow Statement That Differ

question 20

Multiple Choice

Treatments of items in the cash flow statement that differ between IFRS and GAAP include all of the following except the allowed treatment of

• A)any cash outflows for development costs that were capitalized as intangible assets
• B)losses on the early retirement of bonds
• C)bank overdrafts
• D)income taxes related to financing and investing activities

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Definitions:

4 Years Ago

A term referring to a point in time that is four years prior to the current date.

Annually

Pertaining to something that occurs once every year.

4.2%

Often represents a percentage rate, such as an interest rate or growth rate, quantifying an increase or yield on an investment or financial product.

3-Year Period

A specific timeframe that spans three consecutive years.