The Statement of Cash Flows and the Statement of Financial

question 80

Multiple Choice

The statement of cash flows and the statement of financial position are interrelated because

• A)the ending amount of cash on the statement of cash flows must agree with the amount on the statement of income.
• B)the ending amount of cash on the statement of cash flows must agree with the amount in the statement of changes in equity.
• C)the ending amount of cash on the statement of cash flows must agree with the amount in the statement of financial position.
• D)both disclose the corporation's net income.

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Definitions:

Temporal Lobe

A region of the cerebral cortex located in the lower part of the brain, responsible for processing auditory information and encoding memory.

Parietal Lobe

A region of the brain associated with processing sensory information regarding the location of parts of the body as well as interpreting visual information.

Reflex Action

An involuntary and immediate response to a stimulus without conscious thought.

Central Switching

Management and direction of data traffic in a network by a device or software that determines the optimal path for data to be forwarded to its destination.