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The Accounting Principle That Requires Important Noncash Financing and Investing

Question 63

Multiple Choice

The accounting principle that requires important noncash financing and investing activities be reported on the statement of cash flows or in a footnote is the:


A) Materiality principle.
B) Historical cost principle.
C) Business entity principle.
D) Full disclosure principle.
E) Going concern principle.

Correct Answer:

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