Which of the Following Statements Is CORRECT

question 90

Multiple Choice

Which of the following statements is CORRECT?

• A) The statement of cash flows reflects cash flows from operations,but it does not reflect the effects of buying or selling fixed assets.
• B) The statement of cash flows shows where the firm's cash is located;indeed,it provides a listing of all banks and brokerage houses where cash is on deposit.
• C) The statement of cash flows reflects cash flows from continuing operations,but it does not reflect the effects of changes in working capital.
• D) The statement of cash flows reflects cash flows from operations and from borrowings,but it does not reflect cash obtained by selling new common stock.
• E) The statement of cash flows shows how much the firm's cash--the total of currency,bank deposits,and short-term liquid securities (or cash equivalents)--increased or decreased during a given year.

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Definitions:

Authorization

The official permission or approval to do something, often granted by a person in authority.

Work Experience

The practical knowledge and skills gained from performing tasks and roles in various employment settings.

Signature Line

A pre-defined space on a document where an individual is expected to sign to provide verification or agreement.

Personal Goals

Individual objectives or ambitions that a person aims to achieve, which can be personal, professional, or academic in nature.