Asked by
Rhiyani Moyane
on Nov 14, 2024Verified
If accumulated other comprehensive income increases or decreases during the year, the change must be reported in the financing activities section.
Accumulated Other Comprehensive Income
A section of equity that captures unrealized gains and losses affecting shareholders' equity not included in net income.
Financing Activities
Transactions and events where a company either raises funds through borrowing or repaying debts, or issues and repurchases its own shares.
- Identify the differences between operating, investing, and financing activities.
- Identify the presentation order of activities on the statement of cash flows.
Verified Answer
MS
Learning Objectives
- Identify the differences between operating, investing, and financing activities.
- Identify the presentation order of activities on the statement of cash flows.