Significant noncash transactions are not required to be disclosed either in the statement of cash flows.

Question

Quizplus · Accepted Answer

Significant noncash transactions such as exchanges of noncash assets, conversion of debt into equity, or issuance of common stock for the acquisition of assets are required to be disclosed in the notes to the financial statements or in a separate supplemental schedule. However, they are not reported in the statement of cash flows.

Significant Noncash Transactions Are Not Required to Be Disclosed Either