Which Statement Is True

question 29

Multiple Choice

Which statement is true?

• A)The statement of cash flows explains the changes between the statement of comprehensive income and the statement of financial position.
• B)The statement of financial position links two statements of comprehensive income.
• C)The statement of cash flows summarises the movements in the bank account over an accounting period.
• D)None of the statements is true.

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Definitions:

Offeree

is the person or entity to whom an offer is made, especially in the context of contracts, who has the power to accept or decline the offer presented.

Wrong Address

An incorrect or inaccurate address used in mailing or delivery, leading to misdelivery or non-receipt of items.

Acceptance

Acceptance in contract law refers to the express or implied agreement to the terms of an offer, forming a binding contract.

Expressly Stated

Expressly stated refers to something clearly and directly communicated in words, with no need for interpretation or inference.