Which of the Following Is Not a Required Disclosure Item

question 103

Multiple Choice

Which of the following is not a required disclosure item for the statement of cash flows?

• A) interest and taxes paid when the indirect method is used
• B) reconciliation of net income to total net cash flows
• C) all significant noncash investing and financing activities
• D) policy regarding cash equivalents

---

Definitions:

Unit Elasticity

A scenario in which the percentage change in quantity demanded or supplied is equal to the percentage change in price, resulting in no change in total revenue.

Total Spending

The aggregate amount of money spent by consumers, businesses, and the government in an economy over a specific period.

Inelastic

Characterizes a condition where a change in price leads to a relatively small change in the quantity demanded or supplied.

Price Elasticity of Demand

The responsiveness of the quantity demanded of a good to a change in its price, with all other factors being held constant.