The Statement of Cash Flows and the Statement of Financial

question 79

Multiple Choice

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

• A) the ending amount of cash on the statement of cash flows must agree with the amount in the statement of financial position.
• B) both disclose the corporation's profit.
• C) the ending amount of cash on the statement of cash flows must agree with the amount on the statement of earnings.
• 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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Definitions:

Compensation System

The structure and methodology an organization uses to compensate its employees, including wages, salaries, benefits, and bonuses.

Implementing

The process of putting plans or strategies into action to achieve desired outcomes.

Implementing Compensation

The process of developing and executing strategies and policies to reward employees fairly for their work, including salary, benefits, bonuses, and other forms of pay.

Steps Necessary

Required or essential actions that must be taken in order to achieve a certain outcome or goal.