Which of the Following Statements Is False

question 105

Multiple Choice

Which of the following statements is false?

• A)A balance sheet reports a company's cash balance at a specific date.
• B)An income statement reports the amounts of revenue and expense on an accrual basis,not the amount of cash received from revenues or paid for expenses.
• C)A statement of retained earnings reports the amount of cash received from operating activities and the amount of cash paid for dividends.
• D)A statement of cash flows explains the changes in cash from operating,investing,and financing activities.

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Definitions:

Unethical Behavior

Not conforming to a set of approved standards of behavior— cheating on an exam, for example.

Ethical Principles

Fundamental guidelines that dictate behavior, ensuring actions and decisions are morally right and benefit both individuals and society as a whole.

Personal Ethics

The set of formal or informal ethical principles that an individual uses to guide their ethical decisions.

Societal Ethics

Principles and standards that guide behavior within society, reflecting beliefs about what is acceptable or unacceptable, right or wrong.