on-cash investing and financing activities are part cash and part non-cash
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 1P: Classification of Cash Flows A company's statement of cash flows and the accompanying schedule of...
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Question
If non-cash investing and financing activities are part cash and part non-cash, which of the following is true?
a.
Companies should report the non-cash component in a separate note and report the cash portion on the statement of cash flows.
b.
Companies should report only the cash portion on the statement of cash flows.
c.
Companies should report only the cash portion on the statement of cash flows and ignore the non-cash component.
d.
Companies should report the cash portion as the cash equivalent of the non-cash component on the statement of cash flows.
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