Under IFRS,cash outflows for interest expense are classified as
A)Operating
B)Investing
C)Financing
D)Operating,Investing or Financing assuming that the classification is applied consistently across all periods
E)Investing or Financing,depending upon who is the recipient of the interest paid

Question

Quizplus · Accepted Answer

Under IFRS, cash outflows for interest expense can be classified as operating, investing, or financing activities, as long as the classification is applied consistently across all periods. This flexibility allows companies to better reflect the nature of their business activities.

Under IFRS,cash Outflows for Interest Expense Are Classified as