When preparing a statement of cash flows under the indirect method, supplemental disclosure on Cash paid for interest and taxes should be made:

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In a statement of cash flows (indirect method), depreciation expense should be p...
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Mir Mujtaba Ali
07-February-2015

A. True

B. False

Accounting Cash Flow Cash Flow Forecasting Financial Accounting Financial Statements

Question added by Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation
Date Posted: 2016/03/08

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2 Answers

Mahmoud Eladwey

by Mahmoud Eladwey , Accountant-in-training , Accounting office

The show paid taxes in the end

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by Mohammad Arif , manager finance and accounts , FlipLearn Education Pvt Ltd- E Commerce company

Interest Paid is disclosed in Financing Activity and Taxes are disclosed in Operating Activity.

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