The FASB classifies interest received on investments and interest paid on debt financing as part of operating cash flows, while the IASB: Multiple Choice Allows interest recelved to be classified as either operating or invosting and interest paid as either operating or financing. Allows interest received to be classified as ether operating or financing and interest paid as eithet operating or investing Allows interest received to be classifled only as investing and interest paid only as financing. Allows interest received to be classified only as financing and interest poid only as investing