Which of the Following Statements Is Correct

question 27

Multiple Choice

Which of the following statements is correct?

• A) The bottom line on the statement of cash flows equals the change in the retained earnings on the balance sheet.
• B) The reason the statement of cash flows is important is because cash is what pays the firm's obligations, not accounting profit.
• C) If a firm has accounting profit, its cash account will always increase.
• D) All of these choices are correct.

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Definitions:

Close The Database

An action to safely disconnect from and shut down a database, ensuring that all transactions are complete and data integrity is maintained.

Entering Or Editing A Record

The process of adding new or modifying existing data in a database entry.

Close A Table

An operation in database management where a table is closed, ending access to its data until it is opened again.

Report Wizard

A tool within database and spreadsheet software that helps users create complex reports by guiding them through the selection of fields, data groupings, and layout options.