If a company engages in a material noncash transaction, which of the following is required? a. The
Question:
If a company engages in a material noncash transaction, which of the following is required?
a. The company must include an explanatory narrative or schedule accompanying the statement of cash flows.
b. No disclosure is necessary.
c. The company must include an explanatory narrative or schedule accompanying the balance sheet.
d. It must be reported in the investing and financing sections of the statement of cash flows.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Cash Flow Statement The cash flow statement calculates the net cash flows by deducting cash outflows ...View the full answer
Answered By
Muhammad Imtiaz Rasool
Teaching profession brings with it lots of duties and challenges.
When I completed my Bachelor's Degree. So I entered this profession.
I am in this profession of teaching in a School for about 2 years. Every time whenever I am going to teach a class as a part of this noble profession .I am learning also. I am trying consistently ....how to represent, interpret, summarize and rethink about the whole concept I wish to teach or rather inspire my students in a specific period of time assigned to me.
0 Reviews
10+ Question Solved
Related Book For 
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
Question Posted:
