Summarizing FASB Concepts

E 21-30

FASB codification research

Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for accounting for each of the following items:

● LO1 LO4 LO7

1.

Disclosure of interest and income taxes paid if the indirect method is used.

2.

Primary objectives of a statement of cash flows.

3.

Disclosure of noncash investing and financing activities.