Which of the Following Financial Statements Reports an Increase or Decrease

question 67

Multiple Choice

Which of the following financial statements reports an increase or decrease in net cash during the time period covered?

• A)Income statement
• B)Statement of owner's equity
• C)Statement of cash flows
• D)Cash budget

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Definitions:

Needs-Hierarchy Theory

A psychological theory proposed by Abraham Maslow that categorizes human needs into five hierarchical levels, from basic physiological needs to self-actualization.

Gratified

Having given pleasure or satisfaction; in psychological terms, it often relates to the fulfillment of a desire or need.

Hereditary Component

The portion of an individual's traits or characteristics attributed to genetic inheritance from their biological parents.

Physiological Needs

Fundamental human requirements for sustaining life, including air, water, food, shelter, and sleep, critical for survival.