During the year, Janson$-$Apple LTD $($a$)$ collected and paid interest, and

$($b$)$ received and paid dividends. Which of the following best explains

the appropriate classification of these amounts in the Statement of

Cash Flows under IFRS versus US GAAP?

Question $10$ options:

Both IFRS and US GAAP permit flexibility in the classification of these amounts.

US GAAP permits flexibility in the classification of these amounts, but IFRS does not.

Presently, there are no remaining differences between IFRS and US GAAP in the classification of

these amounts.

IFRS permits flexibility in the classification of these amounts, but US GAAP does not.