The Statement of Cash Flows

question 143

Multiple Choice

The statement of cash flows

• A) is prepared instead of an income statement under generally accepted accounting principles.
• B) is used to assess an entity's ability to pay dividends and meet obligations.
• C) is prepared from comparative income statements.
• D) reflects earnings per share figures on a cash basis and on an accrual basis in the body of the statement.

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Definitions:

Summons

A legal document issued by a court or an administrative body requiring the presence of an individual at a legal proceeding.

Interrogatories

A series of written questions for which written answers are prepared and then signed under oath by a party to a lawsuit, the plaintiff, or the defendant.

Complaint

A formal legal document filed by a plaintiff outlining the facts and legal reasons they are seeking relief or damages from a defendant.

Court's Rules

The formal regulations and procedures that govern the operation and conduct of legal proceedings in a courtroom.