Which of the Following Statements Is NOT True

question 82

Multiple Choice

Which of the following statements is NOT true?

• A) The statement of cash flows provides details as to how the cash account changed during a period.
• B) The statement of cash flows does not replace the income statement.
• C) The statement of cash flows includes transactions that are not already reflected in the balance sheet and income statement.
• D) The statement of cash flows sheds some light on a company's ability to generate income in the future.

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Definitions:

Trace

A very small amount of something.

Natural Selection

The evolutionary process by which favorable traits become more common in successive generations of a population, influenced by environmental pressures.

Variations

Differences within populations, which can be genetic, phenotypic, or behavioral, contributing to the diversity of organisms.

Morphological Divergence

Evolutionary pattern in which a body part of an ancestor changes differently in its different descendants.