Which of the Following Statements About the Statement of Cash

question 191

Multiple Choice

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

• A)GAAP requires every company to report a statement of cash flows.
• B)The statement of cash flows is contained in the notes to the financial statements.
• C)The statement of cash flows is needed because the income statement and balance sheet do not provide adequate information about the changes in cash.
• D)The statement of cash flows provides information about how each major type of business activity causes a company's cash to change.

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