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Licemer1 [7]
3 years ago
12

When a transfer is made between cash and cash equivalents with no gain or loss, how is the transaction treated in the statement

of cash flows? Multiple Choice It is not reported. It is included as an investing activity. It is included as a noncash financing activity.
Business
2 answers:
WITCHER [35]3 years ago
8 0

Answer:

It is not reported

Explanation:

when there is a transfer of cash or its equivalent and there is no gain or loss, there is a break even. it can't be said that there has been a transaction between both parties hence such exchange is not reported in the statement of cash flows

A non cash financing activity is a financial activity that doesn't have a direct effect on cash flows, it is usually a long term kind of investments and they are always recorded at the bottom of the statement of cash flows of a company such long term investments include : assets , liabilities and equities.

statuscvo [17]3 years ago
6 0

Answer: The correct answer is "It is not reported.".

Explanation: When a transfer is made between cash and cash equivalents with no gain or loss, the transaction is not reported in the statement of cash flows because it does not represent a true change in cash flow since it does not produce profits or losses.

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The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet an economic crisis, was called________.
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Answer:

Hundred Days

Explanation:

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3 years ago
You decide to purchase an equal number of shares of stocks of firms to create a portfolio. If you wished to construct an index t
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Answer:

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3 years ago
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11 months ago
When individuals use all available information about an economic variable to make a decision, expectations are?
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7 0
1 year ago
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Answer:

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Explanation:

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3 years ago
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