Question
45. In the On the Horizon feature in the text, which of the following is discussed regarding convergence of GAAP with IFRS? a. Noncash investing
45. In the On the Horizon feature in the text, which of the following is discussed regarding
convergence of GAAP with IFRS?
a. Noncash investing and financing activities will be disclosed only in the notes.
b. Bank overdrafts will be classified as part of financing activities.
c. The statement of cash flows will present only changes in cash and will exclude changes
in cash equivalents.
d. All of these choices are in On the Horizon regarding converging GAAP and IFRS.
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Accounting In A Nutshell Accounting For The Non-specialist
Authors: Walker, Janet
3rd Edition
075068738X, 9780750687386
