The Statement of Cash Flows Relies on a Fundamental Principle

question 61

True/False

The statement of cash flows relies on a fundamental principle of double-entry bookkeeping; namely, the change in the cash balance must equal the change in total liabilities and stockholders' equity.

---

Definitions:

Electronegativity

A measure of an atom's ability to attract and hold onto electrons within a chemical bond.

Periodic Table

is a tabular arrangement of the chemical elements, organized by increasing atomic number, electron configurations, and recurring chemical properties.

Methylamine

An organic compound with a formula of CH3NH2, representing the simplest form of an amine.

C-N Bond

A covalent bond between a carbon atom and a nitrogen atom, fundamental in organic chemistry and biology due to its presence in amino acids, proteins, and many organic compounds.