Suppose a company pays interest of $16,000 for the year on borrowed amounts due in...
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Accounting
Suppose a company pays interest of $16,000 for the year on borrowed amounts due in three years. Under IFRS, what is the most the company can report this year as cash outflows from financing activities related to this item?
Multiple Choice
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$48,000
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$16,000
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$0
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$5,333
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