During the most recent year, Butler paid $95,000 in interest to its lenders and $80,000 in dividends
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1. In which category of the statement of cash flows (operating, investing, or financing) should each of these amounts be shown if Butler follows U.S. GAAP? If more than one category is acceptable, indicate what the choices are.
2. In which category of the statement of cash flows (operating, investing, or financing) should each of these amounts be shown if Butler follows IFRS? If more than one category is acceptable, indicate what the choices are.
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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