Final answer:
Significant financing and investing activities that do not affect cash are reported in the notes to the financial statements, rather than in the statement of cash flows or any other place.
Step-by-step explanation:
False. Significant financing and investing activities that do not affect cash are reported in the notes to the financial statements, rather than in the statement of cash flows or any other place.
These activities are mentioned in the notes because they provide important information about the financial position and performance of a company.
For example, if a company issues bonds, which does not affect cash, it would be disclosed in the notes to the financial statements.