Significant noncash financing and investing transactions are

Question

Quizplus · Accepted Answer

Significant noncash financing and investing transactions are typically reported in a narrative or in a separate schedule in the notes to the financial statements. These transactions may include the issuance of stock for assets or the exchange of long-term assets. They are not listed in the body of a statement of cash flows, as this statement only reports cash transactions. They are also not reported under the financing and investing activities sections, as these sections only report cash inflows and outflows. Noncash transactions cannot be converted to cash equivalents, as they do not involve actual cash.

Significant Noncash Financing and Investing Transactions Are