The Financial Statement Which Summarizes Operating, Investing, and Financing Activities

question 32

Multiple Choice

The financial statement which summarizes operating, investing, and financing activities of an entity for a period of time is the

• A) Statement of cash flows.
• B) Retained earnings statement.
• C) Statement of financial position.
• D) Income statement.

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Definitions:

Grapevine

An informal channel of communication, often characterized by rumor, gossip, or unofficial information, within an organization or community.

Organizations

Entities, either public or private, constructed for a specific purpose, characterized by structures and efforts towards collective goals.

Vertical Communication

Messages that are communicated according to an organization’s chain of command by flowing both upward and downward.

Organizations

Entities comprising multiple people working together towards common objectives, structured to coordinate their activities and resources.