When Creating a Statement of Cash Flows Certain Items Must

question 76

Multiple Choice

When creating a statement of cash flows certain items must be disclosed separately because of their significance,including:

• A) discounts received from suppliers.
• B) interest, both received and paid.
• C) discounts received from suppliers, and interest both received and paid.
• D) interest and tax payments.

---

Definitions:

Residential Property

Real estate designated for occupation by households or for non-commercial purposes.

Extensions

Additions or expansions to a pre-existing document, contract, or period of time.

Local Housing Codes

Rules and regulations established by municipal governments aimed at ensuring safe and habitable housing conditions.

Periodic Tenancy

A tenancy that automatically renews for successive periods (e.g., month-to-month, year-to-year) until either the landlord or the tenant terminates it.