Where are noncash investing and financing activities reported?

Question

Quizplus · Accepted Answer

Noncash investing and financing activities are reported in a separate schedule that accompanies the statement of cash flows. This schedule provides additional detail on significant noncash transactions that occurred during the period, such as the issuance of common stock in exchange for property or the acquisition of assets through the assumption of debt. These activities are not reported in the financing or investing activities sections of the statement of cash flows, which are reserved for cash transactions only.

Where Are Noncash Investing and Financing Activities Reported