The Bottom of the Statement of Cash Flows Shows a Net

question 53

Multiple Choice

The bottom of the statement of cash flows shows a net increase in cash of $350,000.What is this increase linked to elsewhere in the financial statements?

• A)The income statement.
• B)The statement of owners' equity.
• C)The balance sheet.
• D)The income statement,the balance sheet,and the statement of owners' equity.
• E)None of the answer choices is correct.

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Definitions:

Noncontrolling Interest

A minority share of ownership in a subsidiary that is not enough to control its operations, held by investors outside of the parent company.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a specified period.

Acquisition Method

A set of accounting procedures used for consolidating the financial statements of a parent company and its subsidiaries.