on-cash investing and financing activities are part cash and part non-cash
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
If non-cash investing and financing activities are part cash and part non-cash, which of the following is true?
a.
Companies should report the non-cash component in a separate note and report the cash portion on the statement of cash flows .
b.
Companies should report only the cash portion on the statement of cash flows.
c.
Companies should report only the cash portion on the statement of cash flows and ignore the non-cash component.
d.
Companies should report the cash portion as the cash equivalent of the non-cash component on the statement of cash flows.
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