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John Moffat.
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shaunak22
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(v) Interest on cash deposits at the bank amounted to $75.
will this fall under operating or investing activity?
John Moffat
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The accounting standard allows it to be shown under either heading provided the same treatment is used from year to year.
Given that investing activities are referring to long-term investments, a small amount of interest like this is more likely to be shown under operating activities.
shaunak22
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