Which of the Following Statements Is False

question 105

Multiple Choice

Which of the following statements is false?

• A)A balance sheet reports a company's cash balance at a specific date.
• B)An income statement reports the amounts of revenue and expense on an accrual basis,not the amount of cash received from revenues or paid for expenses.
• C)A statement of retained earnings reports the amount of cash received from operating activities and the amount of cash paid for dividends.
• D)A statement of cash flows explains the changes in cash from operating,investing,and financing activities.

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Definitions:

Shareholders' Meetings

Formal gatherings where shareholders of a corporation meet to discuss and vote on corporate matters.

Shareholder's Right

Rights held by shareholders of a corporation, including voting power, dividends, inspection of books, and right to sue for wrongful acts.

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner, particularly against vulnerable groups.

Dividends

Payments made by a corporation to its shareholders, usually derived from profits.