Under the Corporations Act the Financial Statements Include:
A) B) $\begin{array}{ccc}\text {No } & \text { Yes } & \text { No }\\\end{array}$

question 2

Multiple Choice

Under the Corporations Act the financial statements include:

• A)\(\begin{array}{ccc}
• \text { Directors' Report } & \text { Cash Flow Statement } & \text { Notes to the } \\
• &&\text { financial statements} \\
• \text { Yes } & \text { Yes } & \text { No }
• \end{array}\)
• B)\(\begin{array}{ccc}
• \text {No } & \text { Yes } & \text { No }\\
• \end{array}\)
• C)\(\begin{array}{ccc}
• \text {Yes } & \text {No } & \text {Yes }\\
• \end{array}\)
• D)\(\begin{array}{ccc}
• \text {No } & \text { Yes } & \text { Yes }\\
• \end{array}\)

---

Definitions:

Departments

Departments refer to distinct areas or divisions within a business or organization, each handling specific tasks or responsibilities.

Industries

Broad sectors of the economy categorized according to their primary business activities, such as technology, healthcare, or finance.

Depreciation

The systematic allocation of the cost of a physical or tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Indirect Expense

Costs that are not directly linked to the production of goods or services but are necessary for the business's operations, such as utilities and rent.