Two companies incur interest expense of 16000 and pay, Accounting Basics

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Two companies incur interest expense of 16000 and pay

Question: Two companies incur interest expense of $16,000 and pay dividends of $30,000. Additionally both companies receive interest and dividends from investments of $8,000 and $12,000, respectively. How would the statement of Cash Flows differ if one company uses IFRS and the other uses U.S GAAP?

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

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

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