In Australia a Statement of Cash Flows,in Its Current Form,has

question 43

Multiple Choice

In Australia a statement of cash flows,in its current form,has been required since:

• A)1971
• B)1981
• C)1991
• D)2001

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Definitions:

Progressive Tax System

A tax that increases as income increases; the percentage or rate increases.

Income

The money received, especially on a regular basis, for work or through investments.

Head of Household

A filing status for individual U.S. taxpayers who are unmarried and pay more than half the cost of maintaining a home for themselves and a qualifying person.

Total Income

The sum of all earnings or revenues received by an individual or organization, before any deductions or taxes.