Although Various Types of Financial Statements Related to Cash Flows

question 23

Multiple Choice

Although various types of financial statements related to cash flows began appearing in the early 20^th century,what year introduced the first accounting standard related to this issue?

• A) 1971
• B) 1972
• C) 1960
• D) 1963

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Definitions:

Social Media

Platforms and websites that enable users to create and share content or participate in social networking.

Ultimate Consumers

The final buyers or users of products and services for personal, non-business use.

Promotional Mix

The combination of advertising, personal selling, sales promotion, public relations, and direct marketing methods used to reach target customers and achieve marketing goals.

Pull Strategy

A marketing strategy designed to create demand for products directly from consumers, leading retailers to stock the product due to increased consumer demand.