Non-cash investing and financing activities are disclosed only as supplemental disclosures to the statement of cash flows in either narrative or schedule form.

Question

Quizplus · Accepted Answer

This statement is true according to generally accepted accounting principles (GAAP). Non-cash investing and financing activities are not included in the main sections of the statement of cash flows but may be disclosed separately as additional information.

Non-Cash Investing and Financing Activities Are Disclosed Only as Supplemental