U.S. GAAP requires the disclosure of the acquisition of a building by assuming a mortgage obligation
a. as both a financing activity and an operating activity.
b. as both an operating activity and an investing activity.
c. as both an investing activity and a financing activity.
d. in a separate schedule or note, but does not appear in the statement of cash flows as an operating activity, investing activity or a financing activity.
e. as both an investing activity and a exchange activity.
D
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A lessee reports noncash investing and financing activity on the statement of cash flows when recording a capital lease
Indicate whether the statement is true or false
A common measure of profitability is
A) the quick ratio B) times interest earned ratio C) return on common stockholders' equity ratio D) debt ratio
Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?
A) 36.12% B) 48.40% C) 20.68% D) 41.98%
Considerable research evidence indicates that employee referrals result in consistently higher quit rates than other recruitment sources.
Answer the following statement true (T) or false (F)