For nonfinancial firms using IFRS which of the following is true? In most cases, cash flows from income taxes must be reported separately as an operating activity. Interest and dividends paid may be reported as either operating or investing activities. Bank overdrafts repayable on demand used as part of normal cash management activities must include those overdrafts as part of financing activities. Firms using the direct method must provide a schedule reconciling net income to cash flows from operating activities