What is the difference between ASPE and IFRS for the SCF?

Multiple Choice

• Dividends paid must be classified as a financing activity.

• All of these are differences between ASPE and IFRS for the SCF.

• Information regarding cash flow for interest, and cash paid for income tax, is accomplished through a disclosure note.

• Interest received and paid, and dividends received must be classified in operating activities. There is no choice of alternate classification

Which statement is correct about FVTPL and FVTOCI investments?

Multiple Choice

• For FVTPL investments, realized and unrealized changes in value are collected in a reserve account in equity

• The difference between the two versions of the fair value method obviously relates to where the change in fair value is recorded in the financial statements.

• All statements are correct

• For FVTOCI investments, changes in value are included in earnings and then retained earnings.