Which of the Following Statements Is False

question 105

Multiple Choice

Which of the following statements is false?

• A)A balance sheet reports a company's cash balance at a specific date.
• B)An income statement reports the amounts of revenue and expense on an accrual basis,not the amount of cash received from revenues or paid for expenses.
• C)A statement of retained earnings reports the amount of cash received from operating activities and the amount of cash paid for dividends.
• D)A statement of cash flows explains the changes in cash from operating,investing,and financing activities.

---

Definitions:

HR Forecasts

Predictions made by the Human Resources department regarding future staffing needs, based on analysis of trends and organizational goals.

Technical Skills

Specific abilities and knowledge that allow individuals to perform tasks related to technology, engineering, mathematics, or scientific subjects.

Ku Klux Klan

A white supremacist hate group established in the United States post-Civil War, known for its racist ideology and acts of terrorism and intimidation.

Reactionary Organization

A group that opposes progressive changes and seeks to maintain or return to traditional values and practices.