1. Why do accounting standards require a company to separately disclose income taxes paid and interest paid if it uses the indirect method? 2. Baxter Inc. buys as treasury stock 2,000 shares of its...

1. Why do accounting standards require a company to separately disclose income taxes paid and interest paid if it uses the indirect method?

2. Baxter Inc. buys as treasury stock 2,000 shares of its own common stock at $20 per share. How is this transaction reported on the statement of cash flows?

May 26, 2022

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1. Why do accounting standards require a company to separately disclose income taxes paid and interest paid if it uses the indirect method? 2. Baxter Inc. buys as treasury stock 2,000 shares of its...

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