Which Statement Is Correct

question 9

Multiple Choice

Which statement is correct?

• A)Managers are more interested in the net income than the cash generated by the company
• B)Under GAAP,only the income statement is required by investors,creditors and managers.
• C)All companies must have a treasury department to manage their cash resources.
• D)The cash flow statement shows the capacity of the company to sustain its operations.

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Definitions:

Parliament

The supreme legislative body in many countries, comprised of elected representatives who have the authority to make or change laws.

Colonists

Individuals who leave their native country to settle in a new land, forming colonies, often for economic, religious, or political reasons.

Main Arguments

The central points or assertions presented in a debate, essay, or other forms of discourse to support a specific position or perspective.

British

The term "British" refers to anything related to the United Kingdom of Great Britain and Northern Ireland, including its culture, people, or history.