Question: What is the difference between ASPE and IFRS for the SCF? Multiple Choice Dividends paid must be classified as a financing activity. Interest received and

What is the difference between ASPE and IFRS for the SCF?

Multiple Choice

  • Dividends paid must be classified as a financing activity.

  • Interest received and paid, and dividends received must be classified in operating activities. There is no choice of alternate classification

  • All of these are differences between ASPE and IFRS for the SCF.

  • Information regarding cash flow for interest, and cash paid for income tax, is accomplished through a disclosure note.

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