Which Financial Statements Are Recommended by the PSAB for Presentation

question 23

Multiple Choice

Which financial statements are recommended by the PSAB for presentation by governments?

• A)Statement of financial position,statement of operations,statement of changes in net debt,and statement of cash flows
• B)Statement of financial position,statement of operations,and statement of net debt
• C)Statement of financial position and statement of operations only
• D)Statement of financial position and statement of net debt only

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Definitions:

Gardner's Theory

Refers to Howard Gardner's theory of multiple intelligences, which proposes that individuals have various kinds of intelligences, not just a single intelligence.

Multiple Intelligences

A theory proposing that intelligence is not a single entity but rather comprises several distinct types of cognitive abilities.

Mathematical Ability

The capacity to understand, manipulate, and solve numerical and logical problems.

Genetic Component

The part of a characteristic or disease risk attributed to variations or mutations in genes.