Discussing the format of the statement of cash flows

Reference no: EM131835442

Question: 1. Why is it important to disclose certain noncash transactions? How should they be disclosed?

2. Helen Powell and Paul Tang were discussing the format of the statement of cash flows of Baumgarten Co. At the bottom of Baumgarten's statement of cash flows was a separate section entitled "Noncash investing and financing activities." Give three examples of significant noncash transactions that would be reported in this section.

Reference no: EM131835442

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