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Which cash advances and loans made by financial institution

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Reference no: EM132696690

Problem 1: Cash advances and loans made by a financial institution are usually classified as

a. Operating activities

b. Investing activities

c. Financing activities

d. Compound of cash and cash equivalents

Problem 2: Under IFRS, an entity can report interest paid on bank loan in the statement of cash flows

a. operating activities

b. Either in operating activities or financing activities

c. In financing activities

d. In investing activities or financing activities

Reference no: EM132696690

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