If a company engages in a noncash material transaction, which of the following is required? a. The

Question:

If a company engages in a noncash material transaction, which of the following is required?

a. The company must include an explanatory narrative or schedule along with the statement of cash flows.

b. No disclosure is necessary.

c. The company must include an explanatory narrative or schedule along with the balance sheet.

d. It must be reported in the investing and financing section of the statement of cash flows.

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