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:

Standard Deviation

A gauge for the amount of distribution or variation present in a sequence of numbers.

Mean

The mean of a collection of numbers, determined by adding all the numbers together and then dividing by the count of the numbers.

Standard Normal

A standard normal distribution characterized by a mean value of zero and a standard deviation measuring one.

Area

The measure of the extent of a two-dimensional figure or shape in a plane.