Which of the Following Statements About Financial Statements Is Not

question 166

Multiple Choice

Which of the following statements about financial statements is not correct?

• A)Cash flows from financing activities would appear on the Statement of Cash Flows.
• B)Dividends would appear on the Statement of Retained Earnings.
• C)Assets would appear on the Income Statement.
• D)Revenues would appear on the Income Statement.

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Definitions:

Participant

An individual who takes part in an activity or event, often used in the context of research, workshops, or group processes.

Formal Group

An officially recognized collective that is supported by the organization.

Audit Unit

A specific department or team within an organization responsible for evaluating the accuracy of financial records and operations.

Customer Service

encompasses the support and advice provided by a company to those people who buy or use its products or services.