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Statement of Cash Flow

?

A company can report interest received and dividends received as investing activities using

Either U.S. GAAP and IFRS.Neither U.S. GAAP and IFRS.U.S. GAAP.IFRS.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (D)

IFRS.

IFRS allows interest and dividends received to be reported as either operating or investing. GAAP requires these to be reported as operating.

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