Here is a question for study session 8 - cash flow statement.
Q: Cash flows from taxes on income must be separately disclosed under；
A. IFRS only B. US GAAP only C. both IFRS and US GAAP
The answer given by book is C. However, in the notes, it writes “Under IFRS, payments for interest and taxes must be disclosed separately in the cash flow statement under either method (direct or indirect). Under US GAAP, payments for interest and taxes can be reported in the cash flow statement or disclosed in the footnotes”. So to my understanding, only IFRS requires separately disclosure. But why the answer given by book is C?