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Postby pooja923 » Fri May 13, 2016 9:44 am

If it is not specified whether to follow IFRS and US GAAP, then Dividend paid under cash flow activities shall be classified in accordance with IFRS or US GAAP??

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Postby edupristine » Sat May 14, 2016 12:47 pm

Hi Pooja

US GAAP requires that interest paid be classified as an operating cash flow; IFRS allows interest paid to be classified as either an operating or financing activity.
US GAAP is the write choice.

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