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GAAP vs. IFRS: Statement of Cash Flows
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GAAP vs. IFRS: Statement of Cash Flows
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15. GAAP vs IFRS / GAAP vs. IFRS: Statement of Cash Flows / Problem 5
Problem 5
What is one implication of the flexibility in classifying cash flows under IFRS for financial statement users?
A
It makes financial statements more comparable across different companies.
B
It allows companies to better align their cash flow statements with their business operations.
C
It reduces the need for detailed footnotes.
D
It simplifies the preparation of financial statements.
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