The Explanation of Why the Net Income Differs from Change

question 96

Multiple Choice

The explanation of why the net income differs from change in cash balance for the period is explained in which of the following statements?

• A) Income statement
• B) Balance sheet
• C) Statement of owner's equity
• D) Statement of cash flows

---

Definitions:

Recognition

The acknowledgment or appreciation of someone's efforts, achievements, or qualities.

Organizational Climate

The collective perceptions, attitudes, and expectations that define the work environment of an organization.

Work Ethic

A set of moral principles a person uses in their job, often characterized by diligence, reliability, and responsibility.

Immoral

Actions or behavior that go against accepted standards of right and wrong.