Which Is a Correct Statement

question 54

Multiple Choice

Which is a correct statement?

• A)The direct method of presentation for the cash flow statement must be used under ASPE.
• B)The direct method of presentation for the cash flow statement must be used under IFRS.
• C)The statement of cash flows explains the change between opening and closing cash.
• D)The balance of the cash flow statement does not have to equal the balance sheet amount.

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Definitions:

MBA Degree

Master of Business Administration, a graduate-level degree focusing on business management, operations, and strategy.

μ

The symbol representing the mean or average of a population in statistics.

σ

The symbol for standard deviation in statistics, representing the dispersion or variability of a set of data points.

Normally Distributed

A type of distribution where data points are symmetrically distributed around the mean, forming a bell-shaped curve.