Which of the Following Statements Is False

question 70

Multiple Choice

Which of the following statements is false?

• A)The statement of cash flows reports the cash receipts and cash payments of an entity over a period of time.
• B)The statement of cash flows is similar to the income statement,as they both determine the net income for a company.
• C)The operating activities in a cash flow statement include transactions that affect the sale and the purchase or production of goods and services.
• D)Investing activities in a cash flow statement include acquiring and selling long-term assets.
• E)Financing activities in a cash flow statement include obtaining resources from owners and creditors and repaying amounts borrowed.

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Definitions:

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, responsible for focusing most of the light that enters the eye.

Eye

An organ of vision that detects light and converts it into electro-chemical impulses in neurons.

Circular Opening

An opening or hole that is round in shape.

Iris

The colored part of the eye that controls the diameter and size of the pupil, thus regulating the amount of light that enters the eye.