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Suppose a Company Pays Interest of $10,000 for the Year

Question 12

Multiple Choice

Suppose a company pays interest of $10,000 for the year on borrowed amounts due in two years. Under IFRS, what is the most the company can report as cash outflows from financing activities?


A) $10,000.
B) $2,000.
C) $5,000.
D) $0.

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