Why are direct exchanges of long-term debt for items of property, plant, and equipment included in supplementary

Question:

Why are direct exchanges of long-term debt for items of property, plant, and equipment included in supplementary information for statements of cash flows even though the exchanges do not affect cash? D13-1.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780070213555

5th Edition

Authors: Robert K. Eskew, Daniel L. Jensen

Question Posted: