How Should the Statement of Cash Flows Be Dated

question 31

Multiple Choice

How should the statement of cash flows be dated?

• A) At Year-End December 31, 20X.
• B) At December 31, 20X.
• C) For the Year Ended December 31, 20X.
• D) December 31, 20X.

---

Definitions:

Direct Exchange Rate

The amount of domestic currency needed to purchase one unit of a foreign currency.

Canadian Dollar

The currency of Canada, represented by the symbol CAD and often referred to as the "loonie" due to the loon depicted on the one-dollar coin.

Direct Exchange Rate

The price of one currency in terms of another, indicating how much foreign currency can be acquired with a unit of domestic currency.