Statement of Cash Flows During the most recent year, Butler paid $95,000 in interest to its lenders and $80,000 in dividends to its stockholders.

Required 1. In which category of the statement of cash fl ows (operating, investing, or fi nancing) should each of these amounts be shown if Butler follows U.S. GAAP? If more than one category is acceptable, indicate what the choices are.

2. In which category of the statement of cash fl ows (operating, investing, or fi nancing) should each of these amounts be shown if Butler follows IFRS? If more than one category is acceptable, indicate what the choices are.

AppendixLO1