Which of the Following Financial Statements Reports an Increase or Decrease

question 7

Multiple Choice

Which of the following financial statements reports an increase or decrease in net cash during the time period covered?

• A)Income statement
• B)Trial balance
• C)Statement of owner's equity
• D)Cash flow statement

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Definitions:

Lack of Discretion

The absence of autonomy or freedom in making decisions or acting in certain situations.

Legitimate Power

Refers to power that is officially sanctioned and recognized by the authority structures of an organization or society.

Reward Power

The ability to influence others' behavior by controlling their access to desired resources or rewards.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for noncompliance.