Which Statement Is Not Correct

question 57

Multiple Choice

Which statement is not correct?

• A)Comparative cash flow statements explain the company's ongoing need for cash.
• B)Cash flow statement explains why the change in cash is the same as reported income.
• C)Standardized categories are required for the cash flow statement.
• D)The cash flow statement provides information not available in the balance sheet.

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Definitions:

Phonemes

The smallest unit of sound in a language that can distinguish one word from another.

Linguistic Heuristics

Cognitive shortcuts used in language processing and understanding, often applied for quick decision making or problem solving.

Morphemes

Tiny grammatical elements within a language that bear significance.

Phonemes

Fundamental sound units within a language that help to distinguish different words.