Which of the following should be presented in a statement of cash flows supplemental schedule?

Conversion of Long-term debt to common stock Conversion of preferred stock to common stock

A)No$\quad$ No B) No$\quad$ Yes C) Yes$\quad$ Yes D) Yes $\quad$ No

Question

Which of the following should be presented in a statement of cash flows supplemental schedule?

Conversion of Long-term debt to common stock

Conversion of preferred stock to common stock

A)No$\quad$ No B) No$\quad$ Yes C) Yes$\quad$ Yes D) Yes $\quad$ No

Quizplus · Accepted Answer

Conversions of long-term debt to common stock and conversions of preferred stock to common stock are non-cash transactions. These should be disclosed in a supplemental schedule to the statement of cash flows, as they are important financing and investing activities that do not involve cash flows but significantly affect the financial position of the company.

Which of the Following Should Be Presented in a Statement \quad

Which of the Following Should Be Presented in a Statement $\quad$