25、According to U.S. GAAP and IAS GAAP, respectively, is a company required to classify interest paid as cash flow from financing in the statement of cash flows?

A. Answer A

B. Answer B

C. Answer C

D. Answer D

[此贴子已经被作者于2008-11-7 16:17:00编辑过]

Correct answer = A

"International Standards Convergence," Thomas R. Robinson, Hennie van Greuning, Elaine Henry, and Michael A. Broihahn
2008 Modular Level I, Vol. 3, p. 695
Study Session 10-43-c
identify and explain the major differences between international and U.S. GAAP accounting standards concerning the treatment of interest and dividends on the cash flow statement
U.S. GAAP requires that interest paid be classified as cash from operations; IAS GAAP allows interest paid to be classified as either CFO or CFF. 

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