Which of the Following Statements About the Financial Statements Is

question 155

Multiple Choice

Which of the following statements about the financial statements is correct?

• A)The "change in cash" reported on the statement of cash flows is also reported on the statement of retained earnings.
• B)Both the income statement and the statement of cash flows show the result of a company's operating activities.
• C)The statement of cash flows is for a period of time while the income statement is for a point in time.
• D)The statement of cash flows is for a point of time while the income statement is for a period of time.

---

Definitions:

Prosocial Behavior

Actions that are helpful and kind but that are of no obvious benefit to the person doing them.

Intense Dislike

A strong negative feeling towards someone or something, often leading to avoidance or hostility.

Cooperative Play

A stage of play where children play together, focusing on a shared goal or activity.

Solitary Play

A developmental stage where children play alone, focusing on their activities without interaction with others.