Under ASPE interest paid on debt would be reported on a statement of cash flows under the:
A) investing activities
B) operating activities
C) financing activities
D) interest paid on debt would not be reported on a statement of cash flows

Question

Quizplus · Accepted Answer

Under ASPE (Accounting Standards for Private Enterprises), interest paid on debt is reported under operating activities in the statement of cash flows.

Under ASPE Interest Paid on Debt Would Be Reported on a Statement