Under U.S.GAAP,cash interest from investments is reported on the statement of cash flows as part of investing activities whereas under IFRS,cash interest from investments is reported as part of financing activities.

Question

Quizplus · Accepted Answer

Under U.S.GAAP, cash interest from investments is reported on the statement of cash flows as part of operating activities, not investing activities. Under IFRS, cash interest from investments is also reported as part of operating activities. Neither U.S.GAAP nor IFRS reports cash interest from investments as part of financing activities.

Under USGAAP,cash Interest from Investments Is Reported on the Statement of of Cash