cash flow statement Flashcards
1
Q
which of the following should be disclosed as supplemental information in the statement of cash flows
A
conversion of debt to equity.
FASB ASC 230-10-45-3 states very specifically that “financial statements shall not report an amount of cash flow per share.” Also, “information about all investing and financing activities of an enterprise during a period that affects recognized assets or liabilities, but that does not result in cash receipts or cash payments in the period, shall be reported in related disclosures.” (FASB ASC 230-10-50-3)
