Save &Exit Su 12. All of the following statements releted to preparation of the statement of cash flows under U.S. GAAP and IFRS are true except O Both US GAAP and IFRS permit the reptingf csh ftows from opereting actvities using ether the direct or indrect method O US GAAP requires cash outfiows for income tax be classited as operating actvities O IFRS permits clessification of interest expense under operating or financing actiuities provided tis consistenty applied across periods O IFRS permits the spiting of income tax cash flows among O IFRS permits clessication among operating investing, and finencing depending on the sources of that tax of cash outflows for interest expense under operating or financing based on which one results in better cash fows from operating actvties 2.0