Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as an operating

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Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as an operating activity but classifies cash expenditures to redeem debt as a financing activity. Explain this apparent paradox.

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Question Posted: Jun 23, 2012 08:36 AM

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Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as an operating

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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