Which Statement About "Cash and Cash Equivalents" Is Correct

question 59

Multiple Choice

Which statement about "cash and cash equivalents" is correct?

• A)The definition for "cash and cash equivalents" used on the balance sheet differs from the definition for "cash and cash equivalents" used on the cash flow statement.
• B)Changes in the composition of "cash and cash equivalents" are considered a financing activity on the cash flow statement.
• C)Changes in the composition of "cash and cash equivalents" are considered a cash flow for purposes of the cash flow statement.
• D)The definition for "cash and cash equivalents" used on the balance sheet is the same as the definition for "cash and cash equivalents" used on the cash flow statement.

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Definitions:

Gatekeeper

An individual or entity that controls access to something, typically information or resources, and decides who gets access to them.

Opinion Leader

An individual who influences others' attitudes or behaviors due to their expertise, knowledge, or position within a social network.

Initiator

An individual or entity that begins or triggers an action or process.

Informational Influence

The process where individuals change their opinions or behaviors to align with those of a group or society, based on the information or evidence presented by the group.