Which of the Following Statements Is NOT Correct About the Financial

question 33

Multiple Choice

Which of the following statements is NOT correct about the financial statements?

• A)An income statement reports revenues,expenses,and net income information.
• B)The statement of stockholders' equity presents common stock,dividends,and retained earnings information.
• C)A balance sheet reports assets,liabilities,revenues,and expenses.
• D)The statement of cash flows shows cash inflows and outflows from operating,financing,and investing activities.

---

Definitions:

USB Port

A Universal Serial Bus port that allows devices to be connected to a computer, facilitating data transfer and device charging.

High-Capacity

A term used to describe storage media or devices capable of holding a large amount of data.

Hard Drive

A non-volatile storage device that uses magnetic storage to store and retrieve digital information using one or more rotating disks.

Cloud Services

Internet-based services that provide computing resources like software, storage, and processing power, without the need for local infrastructure.