Which of the Following Statements About the Statement of Cash

question 191

Multiple Choice

Which of the following statements about the statement of cash flows is not correct?

• A)GAAP requires every company to report a statement of cash flows.
• B)The statement of cash flows is contained in the notes to the financial statements.
• C)The statement of cash flows is needed because the income statement and balance sheet do not provide adequate information about the changes in cash.
• D)The statement of cash flows provides information about how each major type of business activity causes a company's cash to change.

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Definitions:

Organic Reaction

A chemical reaction involving organic compounds, contributing to the formation or breaking of carbon-based chemical bonds.

Cycloaddition

A chemical reaction in which two or more unsaturated molecules (or parts of the same molecule) combine to form a cyclic product.

HOMO/LUMO Interaction

Refers to the interaction between the Highest Occupied Molecular Orbital (HOMO) of one molecule and the Lowest Unoccupied Molecular Orbital (LUMO) of another molecule, important in determining the outcome of chemical reactions.

Cycloocta-1,5-diene

A cycloalkene with eight carbon atoms and two double bonds located at the first and fifth positions.