7. Like U.S. GAAP, international standards also require a statement of cash flows. Consistent with U.S GAAP, cash flows are classified as operating, investing, or financing activities. However, with regard to interest and dividend inflows and outflows, the international standard for cash flow statements A. allows companies to report cash outflows from interest payments as either operating or investing cash flows. B. allows companies to report cash inflows from interest and dividends as either oper ating or investing cash flows. C. designates cash outflows for interest payments and cash inflows from interest and dividends received as operating cash flows D. allows companies to report dividends paid as either investing or operating cash flows. 8. Which of the accounting changes listed below is more associated with financial statements prepared in accordance with U.S. GAAP than with International Financial Reporting Standards? A. Change in depreciation methods B. Change to the LIFO method from the FIFO method C. Change in accounting estimate D. Change in reporting entity