The Statement of Cash Flows Does Which of the Following

question 151

Multiple Choice

The statement of cash flows does which of the following?

• A) Explains what caused profit during the accounting period.
• B) Identifies all assets held at the end of the accounting period by type and amount.
• C) Explains that the trial balance is in balance.
• D) Explains all the sources and uses of cash during the accounting period.

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Definitions:

Organizational Politics

Refers to the activities carried out within organizations to acquire, develop, and use power and other resources to obtain one's preferred outcomes in a situation where there is uncertainty or disagreement.

Political Skill

An interpersonal style that manifests itself in being socially astute and engaging in behaviors that lead to feelings of confidence, trust, and sincerity.

Social Awareness

The ability to understand and respond to the feelings, needs, and concerns of others, including recognizing social cues and appropriately adapting behavior.

Empowerment

The process of giving individuals or groups more control, authority, and responsibility regarding their own lives or work.