Which of the Following Statements About the Statement of Cash

question 137

Multiple Choice

Which of the following statements about the statement of cash flows is not correct?

• A)It does not replace the income statement.
• B)It provides details as to how cash changed during a period.
• C)It provides information about cash receipts and cash payments over a period of time.
• D)It measures profitability.

Understand the concept of subjective well-being.

Identify theories related to motivation and desire.

Recognize the concept of hedonic adaptation in the context of happiness and life satisfaction.

Understand the heritability and factors influencing happiness.

---

Definitions:

Fund Balance Categories

Classification of fund balances in governmental accounting that indicates the extent to which spendable resources are subject to external restrictions or are designated for specific purposes.

GASB

The Governmental Accounting Standards Board, which establishes accounting standards for state and local governments in the United States.

Monetary Transfers

Financial transactions that involve the movement of money from one party to another, which can be domestic or international in nature.

Fund Balance―Nonspendable

The portion of a government's fund balance that cannot be spent because it is either not in spendable form or legally or contractually required to be maintained intact.