Which of the Following Comments in Relation to the Statement

question 52

Multiple Choice

Which of the following comments in relation to the statement of cash flow is incorrect? The statement of cash flows:

• A) allows the user of the report to determine where cash has been generated.
• B) is essentially a formal statement of all transactions affecting the cash account.
• C) highlights where cash has been spent.
• D) is a duplication of information already provided in the other financial statements.

---

Definitions:

Four Times

A phrase indicating a quantity or occurrence that is fourfold in number or frequency.

Two Times

Referring to an occurrence or action happening twice or a multiplication by two.

Mood Disorders

Psychological conditions characterized by a disturbance in an individual's emotional state, which can significantly impact daily functioning.

Neurotic Disorders

Mental disorders characterized by anxiety, depression, or other feelings of distress that are not due to psychosis.