Significant investing and financing transactions occasionally occur without a cash component. Land, or example, might be obtained by issuing common stock. Buildings are often bought through the signing of a long-term note payable so that cash payments are deferred into the future. Should that information be omitted from the statement of cash flows?

If no cash is received or expended, should a transaction be reported on a statement of cash flows?

Answer rating: 100% (QA)

For the benefit of decisionmakers all investment and financing transactions must be documented in so... View the full answer