Which of the Following Financial Statements Reports an Increase or Decrease

question 53

Multiple Choice

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

• A)Balance sheet
• B)Statement of changes in equity
• C)Income statement
• D)Cash flow statement

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Definitions:

Normal Fault

A fault in which the hanging wall moves down relative to the footwall.

Reverse Fault

A fault in which the hanging wall moves up relative to the footwall.

Joint

A fracture in a rock where the rock has been pulled apart slightly without significant displacement parallel to the fracture.

Anticlines

Upward folds or arches of rock layers, often associated with oil and natural gas deposits.