U.S. GAAP requires the disclosure of the direct exchange (with no cash consideration) of a tract of land for manufacturing equipment to be used in the company's operations
a. as an operating activity.
b. as an investing activity.
c. as a financing activity.
d. as an exchange activity.
e. 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
You might also like to view...
The SEC is the governmental body with the oversight responsibility for the efficient operation of capital markets in the United States
a. True b. False Indicate whether the statement is true or false
Donna makes and distributes copies of Every Good Boy Does Fine, a movie copyrighted by Great Films Corporation, without Great Films' permission. Donna may be liable for
A. damages, fines, or imprisonment. B. damages only. C. fines or imprisonment only. D. nothing.
Which of the following statements concerning flexible spending accounts is false?
A) They are also known as cafeteria plans. B) Unspent funds may be held over for subsequent years. C) Employees may voluntarily contribute pretax dollars to this account. D) Expenditures from the account are subject to IRS restrictions.
Expropriation is prohibited in countries that are members of the United Nations
Indicate whether the statement is true or false