The Accounting Reports Concerned with Measuring Flows Over a Period

question 50

Multiple Choice

The accounting reports concerned with measuring flows over a period of time are:

• A) statement of comprehensive income and statement of financial position.
• B) statement of comprehensive income and statement of cash flows.
• C) statement of cash flows and statement of financial position.
• D) statement of comprehensive income, statement of cash flows and statement of financial position.

---

Definitions:

Significant Piece

An important or notable part of something, often referring to a key element that has a major impact or role.

Legislation

Laws or statutes that have been formally enacted by a legislative body to regulate, authorize, prohibit, or provide frameworks for various activities and policies.

Agency

An organization, company, or bureau that provides a specific service.

Polygraph Test

A lie detector test that measures and records several physiological indices such as blood pressure, pulse, respiration, and skin conductivity while the subject answers a series of questions.