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:

Deep Seafloor

The lowest layer of the ocean, extending from the continental margin to the abyssal plain, characterized by high pressure, low temperature, and unique ecosystems.

Shoreline Stones

Rocks found along the shorelines, often shaped by the continuous action of waves and tidal movements.

Wave Base

The maximum depth at which water wave motion can significantly move sediment on the ocean or lake floor.

Approach Shore

The action or process of coming closer to the shoreline or coast.