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What is the difference between ASPE and IFRS for the SCF? Multiple Choice Dividends paid must...

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

Multiple Choice

  • Dividends paid must be classified as a financing activity.

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

  • 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.

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What is the difference between ASPE and IFRS for the SCF?
All of these are differences between ASPE and IFRS for the SCF, because:
Under IFRS- There is an accounting policy choice of classifying interest and dividends paid as operating or financing activities.
Under IFRS- There is an accounting policy choice of classifying Interest and dividends received as operating or investing activities.
Under IFRS- Information regarding cash flow for interest, and cash paid for income tax, is accomplished through a disclosure note.
But all these are not required under ASPE.
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