Your friend, Tracey, and you are having a discussion about the Statement of Cash Flows (SCF). You and her are discussing the various components of the SCF and the importance of each section. However, the discussion was focused a lot more on the “Noncash Investing and Financing Activities” section. You believe that this section is not that important. However, your friend, Tracey, believes that it is a very important section to present to potential investors and creditors.

Given what you have read and our discussions in class and your prior accounting classes, give a well-reasoned and detailed argument why you believe that your opinion is correct or your friend’s. Provide specific examples as to some items that would be presented in this section to validate yours or your friend’s opinion.

Requirement:

Post an original response, a detail one, to the question/opinion above. Once you post your response, you will be able to view your classmates’ responses.

Answer rating: 100% (QA)

Statement of Cash Flows This statement is clear a view over the generation of cash during the curren... View the full answer