Which of the Following Financial Statements Does Not Have to Be

question 8

Multiple Choice

Which of the following financial statements does not have to be prepared by a publicly listed company?

• A)Statement of comprehensive income.
• B)Statement of changes in equity.
• C)Statement of cash flows.
• D)All of the above must be prepared.

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Definitions:

Sample Space

The set of all possible outcomes of a random process.

Experiment

A methodical process conducted to explore a new finding, examine a theory, or prove an established truth.

Probability

The measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.

Tree Diagram

A visual representation of all possible outcomes of an event, used to calculate probabilities in a structured manner.