Below is a list of treatments of accounting topics. Place GAAP

Question

on the line if the treatment is GAAP-based and place IFRS on
the line if the treatment is IFRS-based.

A. Interest and dividend income are reported in the
investing section of the cash flow statement.__________
B. Interest expense is reported in the financing section of
the cash flow statement. ___________
C. The use of LIFO is prohibited.
___________

Please Check My answers
A. GAAP
B. GAAP
C. IFRS