In a statement of cash flows prepared under IFRS, interest paid
a. Must be classified as an operating cash flow.
b. Can be classified as either an operating cash flow or an investing cash flow.
c. Can be classified as either an operating cash flow or a financing cash flow.
d. Can be classified as either an investing cash flow or a financing cash flow.
Answer:
c. Interest paid can be classified as either an operating or financing cash flow.