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Hi,
Brief question on the statement of cash flows. There is a supplemental disclosure for fixed assets that haven't been paid for yet, and are still sitting in accounts payable. Since this isn't an investing cash outflow (yet, since it hasn't been paid for), there is a separate disclosure as supplemental information at the end of the cash flow statement as a non-cash activity.
Here's my question: if I take this out of investing activities, where do I need to add it to balance out the cash flows? I'm assuming it's plugged to the change in accounts payable up in the working capital component, but I'm unsure if that's right and can't find guidance.
Thanks!
Brief question on the statement of cash flows. There is a supplemental disclosure for fixed assets that haven't been paid for yet, and are still sitting in accounts payable. Since this isn't an investing cash outflow (yet, since it hasn't been paid for), there is a separate disclosure as supplemental information at the end of the cash flow statement as a non-cash activity.
Here's my question: if I take this out of investing activities, where do I need to add it to balance out the cash flows? I'm assuming it's plugged to the change in accounts payable up in the working capital component, but I'm unsure if that's right and can't find guidance.
Thanks!