Under ASPE, interest received and paid and dividends received must be classified in the operating activities section of the Statement of Cash Flows.

Question

Quizplus · Accepted Answer

Under Accounting Standards for Private Enterprises (ASPE) in Canada, interest received and paid as well as dividends received are typically classified in the operating activities section of the Statement of Cash Flows. This classification reflects the cash flows from the primary revenue-producing activities of the entity.

Under ASPE, Interest Received and Paid and Dividends Received Must