The Basic fiNancial Statements Prepared for External Users Do Not

question 76

Multiple Choice

The basic financial statements prepared for external users do not include which of the following?

• A) The statement of financial position.
• B) The income statement.
• C) The revenue statement.
• D) The statement of cash flows.

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Definitions:

Vague Goals

Objectives that are not clear, specific, or measurable.

VIE Theory

A psychological theory that suggests individual motivation is determined by the perceived valence, instrumentality, and expectancy of the outcome.

Instrumentality

In motivation theory, it refers to the perceived relationship between performing at a certain level and achieving a particular outcome.

Sales Clerk

An employee typically found in retail settings responsible for processing sales transactions, assisting customers, and managing inventory.