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Two companies each incur interest expense of 16000 and pay

Two companies each incur interest expense of $16,000 and pay dividends of $30,000. In addition, the companies receive interest and dividends from investments of $8,000 and $12,000, respectively.

How would the statements of cash flows differ if one company uses IFRS and the other uses U.S. GAAP?

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Accounting Basics: Two companies each incur interest expense of 16000 and pay

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Accounting Basics: Two companies each incur interest expense of 16000 and pay

Reference No:- TGS01152490

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