1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lukranit [14]
1 year ago
15

In order to provide more complete information, u.s. gaap allows that any significant noncash investing and financing activities

may be reported:____.
Business
1 answer:
vampirchik [111]1 year ago
6 0

It is reported as foot notes  in cashflow statement or in the notes of financial statements.

When an income statement is converted to cash flows from operational operations, noncash items like as depreciation and nonoperating profits and losses are not included. Non-cash investing and financing entails making an investment or purchase using financial instruments other than cash.

The Generally Accepted Accounting Principles (GAAP) are a collection of generally observed financial reporting accounting standards and regulations. The four main constraints of GAAP are objectivity, the materiality, the consistency, and the prudence.

Companies are required by both IFRS and US GAAP to declare any substantial non-cash investment and financing operations, either as a footnote at the bottom of the statement of the cash flows or in  notes to the financial statements.

Therefore, the answer is the bottom of the statement of  the cash flows or in the notes to  financial statements.

To know more about U.S Gaap click here:

brainly.com/question/17327177

#SPJ4

You might be interested in
Identify each of the following as relating to the control environment, control procedures, or information and communication:
Verizon [17]

Answer and Explanation:

a. Organizational structure = Control environment

Top management always keep organizational structure Therefore, it is a part of the environment of control.

b. Report of company's conformity with environmental laws and regulations = Information and communication

Company's compliance reports are confidential accounting information.

c. Proofs and security measures = Control procedures

Proofing and monitoring controls ensure company is achieving its target.

5 0
2 years ago
Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 20X9. On the date of acquisit
Olenka [21]

Answer:

Land in the consolidated balance sheet 650,000

Explanation:

In the consolidated balance sheet, the land of the controlled firm will be at fair value. But, the parent land will be kept at cost as there wasn't a transaction with a third party to validate the market value.  Because of this and according to the conservatism principles about assets valuation the aldn must be at cost.

Land:

Princeton 150,000  book value

Sheffiled  500,000 market value

Total        650,000

4 0
3 years ago
In the "dominant-minority group relations" continuum, ____ is lowest on both tolerance and equality
Law Incorporation [45]
Who was allowed to rule Rome and establish an empire in place of the Roman public
6 0
3 years ago
The first step in creating animation is ________________. This involves the plot, conflict, setting and characters.a.Create a St
worty [1.4K]

Answer: The answer is Think of a story

Explanation:

6 0
1 year ago
A job objective should...
shtirl [24]
A job objective  <span>A. Persuade the reader to hire you
</span><span>
In a resume, it is important for the person to write down the specific job objective on an application. </span><span>A company would be interested in hiring someone who has clear job objective and purpose for the job. 
</span><span>
</span><span>If the company sees that the person's objective matches the people that they are looking for, it would be easy for them to hire and get interested in the background of the employee. </span><span>
</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • 1.People who make the best mystery shoppers have usually prepared themselves by: Reading Passing Certification Courses Researchi
    8·1 answer
  • A real estate investment that is most similar to a mutual fund specializing in real estate investment is called a
    13·2 answers
  • To maximize utility, a consumer should allocate money income so that the Multiple ChoiceA) elasticity of demand on all products
    9·1 answer
  • Interest rates generally reflect
    5·1 answer
  • Pitney Co. purchased an office building, land, and furniture for $500,000 cash. The appraised value of the assets was as follows
    5·1 answer
  • Define a demand schedule
    6·1 answer
  • Periodic outlays for inventory control software at Baron Chemicals are expected to be $150,000 immediately, $200,000 in 1 year,
    7·1 answer
  • The market price of a bond is equal to the present value of the: Group of answer choices annuity payments plus the future value
    7·2 answers
  • Many entire vocations in the United States have disappeared in the last few decades. Which of the following is a possible explan
    9·2 answers
  • Which organization establishes relationships with financial institutions to offer home ownership programs that include down paym
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!