Which Statement Is Equivalent to the Following

question 12

Multiple Choice

Which statement is equivalent to the following?
X = x * 2;

• A)x * 2;
• B)x *= 2;
• C)x = x * x;
• D)None of these

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Definitions:

Comparative Balance Sheets

Comparative balance sheets present the financial position of a company at two different points in time, allowing for analysis of changes and trends.

Inventory

The sum of all products and materials possessed by a firm, intended for either reselling or manufacturing.

Statement of Cash Flows

A financial report detailing the inflow and outflow of cash and cash equivalents for a business.

Direct Method

A cash flow statement preparation technique that lists all major operating cash receipts and payments for the period.