The Statement of Cash Flows Must Include a Note Reconciling

question 17

Multiple Choice

The statement of cash flows must include a note reconciling:

• A)profit and cash flow from operations.
• B)the business bank balance with the bank statement balance.
• C)accrual accounting and historical cost accounting.
• D)opening equity with closing equity.

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Definitions:

Matter

Anything that has mass and takes up space, made up of atoms or molecules, and can exist in solid, liquid, or gas form.

Mass

A measure of the amount of matter in an object, usually expressed in grams or kilograms.

Isotopes

Variants of a particular chemical element which have the same number of protons in their nuclei but differ in the number of neutrons, leading to different atomic masses.

Atomic Number

The number of protons in the nucleus of an atom, which defines the chemical element.