Non-cash activities such as an exchange of shares for a piece of equipment do not need to be disclosed.

Name: Non-cash activities such as an exchange of shares for a piece of equipment do not need to be disclosed.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Non-cash activities, such as an exchange of shares for a piece of equipment, should be disclosed in financial statements. These transactions may have an impact on the company's financial position and should be properly reported.

Non-Cash Activities Such as an Exchange of Shares for a Piece