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FASB ASC 230-10-45-13 treat cash payments related to the equipment separately as both a cash inflow and cash outflow in the statement of cash flows. For instance, cash inflow equal to the cash received and a cash outflow equal to the cash paid.
cc: Reporting
1 Comment
3/23/2020 01:53:49 am
When it comes to things like this, I know that I am not really good because it has to deal with money and numbers. I am not good at both stuff, that’s why I might as well leave other people to do the thing for me. I honestly don’t know what FASB ASC 230-10-45-13 means, but I am thankful that you still shared to us the story behind it. Perhaps, if I will have extra time to study it, I might focus on it. But I don’t think it’s going to happen as soon as possible! Leave a Reply. |
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