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what disclosures guidance does the codification provide for noncash financing and investing activities?

what disclosures guidance does the codification provide for noncash financing and investing activities?

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Answer #1

The codification provides several examples of noncash financing and investing activities for better understanding of the users and describes the manner in which the noncash financing and investing activities should be disclosed.

The codification requires to disclose the significant noncash financing and investing activities either at the bottom of the statement of cash flows or as a footnote. The noncash financing and investing activities can also be disclosed in the notes to the financial statements.   

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