Which of the Following Is Normally Disclosed as Supplementary Information

question 1

Multiple Choice

Which of the following is normally disclosed as supplementary information on the cash flow statement?

• A)Cash paid for dividends during the year
• B)Amortization expense for the year
• C)Proceeds from fixed asset sales during the year.
• D)Cash paid for interest during the year

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Definitions:

S Corporation

A type of corporation in the United States that meets specific Internal Revenue Code requirements and is taxed differently, passing income directly to shareholders.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Ultra Vires Act

Actions conducted by a corporation's management or board that are beyond the scope of its powers as defined by its charter or the law.

Express and Implied Powers

Authorities of a governmental or organizational body that are explicitly stated (express) or inferred through conduct (implied).