Under US GAAP, the cash flows that should be included in the Investing Section of the Statement of Cash Flows are purchases of physical assets, investments in securities, or the sale of securities or assets.
This implies that US GAAP does not allow interest paid or received and dividends received to be classified under the Investing Section, unlike IFRS that gives entities the flexibility to classify the above items as either investing or financing activities.
Instead, the US GAAP requires that the above items are classified as operating cash flows.
Thus, the only cash flows that are included in the Investing Section of the statement of cash flows under US GAAP are cash flows (inflows and outflows) related to long-term physical assets and investments.
Learn more about the Investing Section of the statement of cash flows under US GAAP here: brainly.com/question/18568838
Hello My Friend!
...
Simplest form of the ratio 11 : 16
IS 11 : 16In Other Words,
11 is prime so that is already in simplest form...It is already at it's simplest form.
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Photojournalist or a smoke jumper?
The end of the accounting period fell on a payday for Romero Industries but not for Rose Industries.
Explanation:
Unpaid wages are normally the percentages paid to hourly employees but not yet charged to employers.
According to the cumulative basis of accounting, outstanding wages received by workers but not yet deposited in their accounts must, through an accrual change entry to be entered or recorded:
-
Debit Wages Expense
- Credit Wages Payable or credit Accrued Wages Payable
Expense of wages is an account of income statement. Wages Payable or Accrued Wages Payable is a current account with a balance sheet account documentation.
