Question

According to FASB Codification,

Using the cross-reference feature, ASC 230-10-05 is associated with which Statement of Financial Accounting Standard?

Answer is a "numeric" response.

Answer 1

FASB ASC 230-10-05 is associated with “Statement of Cash Flows,” which is a Statement of Financial Accounting Standard No 95.

CE5-4

The following section: 230-10-05 Overview and Background provides a discussion of the objectives for the Statement of Cash Flows.

05-1 The Statement of Cash Flows Topic presents standards for reporting cash flows in general-purpose financial statements.

05-2 Specific guidance is provided on all of the following:

a. Classifying in the statement of cash flows of cash receipts and payments as either operating, investing, or financing activities
b. Applying the direct method and the indirect method of reporting cash flows
c. Presenting the required information about noncash investing and financing activity and other events
d. Classifying cash receipts and payments related to hedging activities.