The Explanation of Why the Profit Differs from Change in Cash

question 122

Multiple Choice

The explanation of why the profit differs from change in cash balance for the period is explained in which of the following statements?

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

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Definitions:

Common Interest

A shared personal or professional enthusiasm, concern, or preference among a group of people, often forming the basis for social or occupational connections.

Current Event

A happening, incident, or situation occurring at the present time or most recently.

Listen

To give attention with the ear to someone or something in order to hear and understand sounds or information.

Active Interest

Showing enthusiastic engagement and a high degree of attention in a particular subject or activity.