Which Financial Statement Is Not Needed Under the IFRS Framework

question 58

Multiple Choice

Which financial statement is not needed under the IFRS Framework?

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

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Definitions:

Extensors

Muscles that increase the angle between components of a limb, such as straightening an arm or a leg.

Anterior Side

The front or forward-facing side of the body or an anatomical structure, opposite of the posterior.

Scapula

A triangular-shaped bone that makes up part of the shoulder blade, serving as an anchor for several muscles.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone; known commonly as the collarbone.