Which of the Following Supplementary Disclosures Are Required by GAAP

question 142

Multiple Choice

Which of the following supplementary disclosures are required by GAAP to be reported on the statement of cash flows or as a note to the financial statements?

• A)interest and taxes paid
• B)free cash flow
• C)earnings per share
• D)operating activities plus dividends plus capital expenditures

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Definitions:

Economic Benefits

The advantages or gains received by individuals or society from financial or non-financial activities.

Maintenance Activities

Tasks or actions undertaken to preserve or enhance the condition, functionality, or longevity of assets, equipment, or systems.

Task Activities

Specific actions or steps taken by individuals or teams in order to accomplish a task or achieve a goal.

Maintenance Activity

An action taken by a team member that supports the emotional life of the team.