The Statement of Cash Flows

question 2

Multiple Choice

The statement of cash flows

• A)is prepared instead of an statement of income under ASPE.
• B)is used to assess a company's ability to generate cash and the needs of the company in using the cash flows.
• C)is prepared from a comparative statement of income.
• D)reports basic earnings per share figures on a cash basis in the body of the statement.

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Definitions:

100× Objective

A microscope objective lens that magnifies the specimen 100 times, often used with oil immersion to increase resolution.

Condenser

A device used to condense a gas into a liquid by cooling it.

Secured

Ensured to be firmly attached or fastened so as to not give way or become lost.

Total Magnification

The overall enlargement of an image achieved by a microscope, calculated by multiplying the magnification of the ocular lens by that of the objective lens.