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3.3 CLASSIFICATION OF INTEREST EXPENSE. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as an operating activity but classifies
3.3 CLASSIFICATION OF INTEREST EXPENSE. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as an operating activity but classifies cash expenditures to redeem debt as a financing activity. Explain this apparent paradox
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Management Accounting
Authors: Late RC Sekhar, AV Rajagopalan
1st Edition
195683609, 978-0195683608
