If Non-Cash Investing and Financing Activities Are Part Cash and Part

question 35

Multiple Choice

If non-cash investing and financing activities are part cash and part non-cash, which of the following is true?

• A)Companies should report only the cash portion on the statement of cash flows and ignore the non-cash component.
• B)Companies should report the non-cash component in a separate note and report the cash portion on the statement of cash flows.
• C)Companies should report the cash portion lass the cash equivalent of the non-cash component on the statement of cash flows.
• D)None of these is correct.

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Definitions:

Active Transport

The movement of molecules across a cell membrane from an area of lower concentration to one of higher concentration, requiring energy.

Excretory System

A biological system that removes excess, unnecessary materials from an organism, allowing it to maintain homeostasis and prevent damage to its body.

Uric Acid

Main nitrogenous waste of insects, reptiles, and birds.

Feces

Waste matter discharged from the bowels after food has been digested, essentially the body's solid waste.