The Statement of Cash Flows and the Statement of Financial

question 106

Multiple Choice

The statement of cash flows and the statement of financial positionare interrelated because

• A)the ending amount of cash on the statement of cash flows must agree with the amount on the income statement.
• B)the ending amount of cash on the statement of cash flows must agree with the amount in the statement of changes in equity.
• C)both disclose the corporation's profit.
• D)the ending amount of cash on the statement of cash flows must agree with the amount in the statement of financial position.