Which of the Following Is NOT a Financial Statement That

question 15

Multiple Choice

Which of the following is NOT a financial statement that every public company is required to produce?

• A) income statement
• B) statement of sources and uses of cash
• C) balance sheet
• D) statement of stockholders' equity

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Definitions:

IFRS

Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide companies in preparing financial statements on a global basis.

U.S.GAAP

United States Generally Accepted Accounting Principles, which are accounting standards used in the U.S. to prepare, present, and report financial statements.

Profitability

A rephrasing of profitability analysis, it refers to a company's ability to generate profit from its operations relative to its costs.

Productivity

A measure of efficiency that shows the amount of output produced per unit of input.