The Following Items Must Be Separately Disclosed in a Statement

question 3

Multiple Choice

The following items must be separately disclosed in a statement of cash flows:

• A) interest paid and received
• B) dividends paid and received
• C) Both A and B
• D) No separate disclosure required

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Definitions:

Contributions

Amounts given or donated to a particular cause, project, or for a retirement account.

Effective Rate of Return

A measure of the return on an investment that accounts for the effect of compounding over a specified time period.

Contributions

Payments or services provided by individuals or organizations to a common fund or project.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that provides tax benefits.