Multiple Choice
Occasionally, companies engage in important investing and financing activities which do not affect cash. If the amount of the transaction is significant, how should it be disclosed when financial statements are prepared?
A) In a separate section in the cash flow statement with a corresponding zero balance.
B) In investing activities.
C) In a note to the financial statements or in a supplemental schedule.
D) In both investing and financing activities.
Correct Answer:

Verified
Correct Answer:
Verified
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