Which Financial Reports Comprise the 'Final Accounts

question 31

Multiple Choice

Which financial reports comprise the 'final accounts'?

• A)Statement of cash flows and statement of comprehensive income
• B)Statement of comprehensive income and statement of financial position
• C)Statement of comprehensive income, statement of financial position, statement of cash flows and statement of change in owners' equity
• D)Statement of financial position, statement of cash flows and statement of comprehensive income

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Definitions:

Equal Protection Clause

A provision in the Fourteenth Amendment of the U.S. Constitution requiring states to treat all individuals within its jurisdiction equally under the law.

Fourth Amendment

A provision in the United States Constitution protecting citizens against unreasonable searches and seizures by the government.

Foreign Corporation

A business entity that is registered and operates in a different country from where it was originally incorporated.

Certificate of Authority

An official document granting a company the right to conduct its business in a jurisdiction outside of where it was originally incorporated.