The Statement of Cash Flows

question 48

Multiple Choice

The statement of cash flows

• A) must be prepared on a daily basis.
• B) summarizes the operating financing and investing activities of an entity.
• C) is another name for the income statement.
• D) is a special section of the income statement.

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Definitions:

Knuckle-Walking

A form of quadrupedal locomotion in which an animal walks on the knuckles of its forelimbs, typical of gorillas and chimpanzees, and considered an important aspect of hominid evolution.

Bipedalism

The ability to walk on two legs, a key feature distinguishing humans and their ancestors from most other mammals.

Lemurs

A diverse group of primates native to the island of Madagascar, known for their large eyes and nocturnal habits, with some species active during the day.

Madagascar

An island country located in the Indian Ocean, known for its unique biodiversity, with many species that are found nowhere else on Earth.