Supplemental Disclosures Required Only When the Statement of Cash Flows

question 32

Multiple Choice

Supplemental disclosures required only when the statement of cash flows is prepared using the indirect method include

• A) a schedule reconciling net income with net cash provided by (used in)operating activities.
• B) amounts paid for interest and taxes.
• C) amounts deducted for depreciation and amortization.
• D) significant noncash investing and financing activities.

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Definitions:

Recognition

The retrieval of information in which the processor must decide whether the information presented has been previously presented. See also recall.

Long-Term Memory

The phase or type of memory responsible for the storage of information over extended periods, ranging from days to years.

Relationships

Connections or associations between people, objects, concepts, or other entities, defined by specific qualities or characteristics.

Timing Of Events

The study or consideration of the sequencing and duration of events, often important in understanding human cognition and behavior.