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

question 26

Multiple Choice

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

• A) retained earnings statement.
• B) income statement.
• C) statement of cash flows.
• D) statement of financial position.

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Definitions:

MS-DOS

Microsoft Disk Operating System, an early command-line operating system for IBM PC-compatible computers.

WordPerfect

A word processing software that has been widely used for document creation, editing, and formatting, known for its reveal codes feature.

Floppy Disk

A type of disk storage composed of a disk of thin and flexible magnetic storage medium, enclosed in a square or rectangular plastic shell.

Mechanical Calculator

An early computing device used for performing mathematical operations that operates through mechanical components like gears and levers.