Material noncash investing and financing transactions are:
A)reported within the body of the statement of cash flows.
B)reported in a supplementary schedule to the statement of cash flows.
C)not reported in any part of the financial statement because cash flow is not affected.
D)reported in the body of the income statement.

Question

Quizplus · Accepted Answer

In addition to their cash flows,all companies are required to report material investing and financing transactions that did not have cash flow effects (called noncash investing and financing activities).This important information is normally presented for users in a supplementary schedule to the statement of cash flows or in the financial statement notes.

Material Noncash Investing and Financing Transactions Are