The Statement of Cash Flows and the Statement of Financial

question 110

Multiple Choice

The statement of cash flows and the statement of financial position are interrelated because:

• A) both disclose the corporation's profit.
• B) the ending amount of cash on the statement of cash flows must agree with the amount in the statement of financial position.
• C) the ending amount of cash on the statement of cash flows must agree with the amount on the income statement.
• D) the ending amount of cash on the statement of cash flows must agree with the amount in the statement of changes in equity.

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