Which of the Following Statements Does Not Present Financial Information

question 218

Multiple Choice

Which of the following statements does not present financial information based on the accrual basis of accounting?

• A)Balance sheet
• B)Income statement
• C)Statement of retained earnings
• D)Statement of cash flows

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Definitions:

Bad News

Unfavorable information or updates that need to be communicated carefully to manage reactions.

Recommendations

Suggestions or advice designed to guide decisions or actions.

Rejecting Request

The act of denying or turning down a request or proposal.

Indirect Approach

A communication technique where the main point or message is presented later in the message after introductory remarks, often used to prepare the reader for the information or to soften the impact.