Has anybody attempted the CFA Official Q-bank (posted on their website)?
FRA (4th problem)- Question 5 of 6:Financial Reporting and Analysis - Piezo
Ignoring the effects of income taxes, the expensing of previously capitalized interest would result in Cash flow from operations to be:
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Unchanged
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Higher
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Lower
I went with Lower (as per CFA Curriculum explanation on Page-60), but the answer is Unchanged)
Pls comment?