Which of the Following Statement Concerning the Statement of Cash

question 31

Multiple Choice

Which of the following statement concerning the statement of cash flows is true?

• A) The statement of cash flows is usually more accurate when using the indirect method.
• B) If the direct method is used, a supplementary schedule reconciling the net income to net cash from operating activities must still be provided.
• C) The statement of cash flows reflects both earnings per share and cash per share.
• D) The statement of cash flows is an optional financial statement for an SEC registered firm.

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Definitions:

Collective Discrimination

Discriminatory practices or attitudes shared and enacted by a group towards others, often based on race, gender, or ethnicity.

Wage Rate

The amount of money paid per unit time to an employee for their labor.

Employment

The state of having a paid position of regular work, contributing to an individual's ability to earn income and participate in economic activities.

TANF

Temporary Assistance for Needy Families, a federal assistance program in the United States designed to help needy families achieve self-sufficiency.