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.

---

Definitions:

Fair Credit Reporting Act

U.S. federal legislation designed to promote accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.

Investigative Consumer Report

A detailed report about a consumer's character, general reputation, personal characteristics, or mode of living, obtained through personal interviews and other means.

Personal Traits

Characteristics or qualities that define an individual's personality, behaviors, and attitudes.

Credit-Related Information

Information pertaining to an individual's or entity's credit history, including credit scores, payment history, and other data used to assess creditworthiness.