Asked by Ariah Scales on Jun 07, 2024
Verified
Which of the following items must be separately disclosed in a statement of cash flows?
A) Interest paid and received
B) Dividends paid and received
C) Both A and B
D) No separate disclosure required
Statement Of Cash Flows
A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.
- Understand the importance of disclosing interest paid, dividends paid, and received in the statement of cash flows.
Verified Answer
SK
Stacey KarsnickJun 11, 2024
Final Answer :
C
Explanation :
Both interest paid and received and dividends paid and received must be separately disclosed in a statement of cash flows. This is because they are considered cash flows from investing or financing activities and are separate from the operating cash flows section.
Learning Objectives
- Understand the importance of disclosing interest paid, dividends paid, and received in the statement of cash flows.