Which Financial Statement Is Not Needed Under the IFRS Conceptual

question 18

Multiple Choice

Which financial statement is not needed under the IFRS Conceptual Framework?

• A)Balance sheet.
• B)Statement of retained earnings.
• C)Income statement.
• D)Statement of cash flows.

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Definitions:

Gonads

The primary reproductive organs in animals, such as testes in males and ovaries in females, responsible for producing gametes and hormones.

Glucocorticoids

Glucocorticoids are a class of steroid hormones that play various roles in the body, including regulating metabolism, reducing inflammation, and controlling stress responses.

EEG Pattern

The characteristic electrical activity of the brain as recorded by an electroencephalogram, used in diagnosing conditions and states of brain function.

REM Sleep

A stage of sleep characterized by rapid eye movements, more dreaming and bodily movement, and faster pulse and breathing.