Which of the Following Is Not a Required Disclosure Item

question 3

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 net cash provided by operating activities under the direct method
• C) all noncash investing and financing activities
• D) policy regarding cash equivalents

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Definitions:

Simple Answer

A straightforward and uncomplicated response or explanation to a question or issue.

Leading Question

A question that suggests the answer or contains the information the examiner is looking to have confirmed, typically disallowed on direct examination.

Intersection

A point at which two or more roads cross or intersect, or the act of intersecting.

Brakes

Mechanical devices or systems in vehicles designed to decrease or stop their motion by applying resistance.