The Statement of Cash Flows Is

question 7

Multiple Choice

The statement of cash flows is:

• A)Another name for the statement of financial position
• B)A financial statement that presents information about changes in equity during a period
• C)A financial statement that reports the cash inflows and outflows for an accounting period and that classifies those cash flows as operating activities,investing activities or financing activities
• D)A financial statement that lists the types and amounts of assets,liabilities and equity of a business on a specific date
• E)A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period

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Definitions:

Message

A piece of information or communication sent from one person or entity to another.

Nonverbal Differences

Variations in nonverbal communication, such as gestures, facial expressions, and body language, that can differ across cultures or individuals.

Legal and Ethical Differences

The distinction between what is permitted by law and what is considered morally right or wrong.

Religious Differences

Variations in beliefs, practices, and doctrines among different faiths or within a single religious tradition.