Which of the Following Is Not One of the Four

question 162

Multiple Choice

Which of the following is not one of the four basic financial statements?

• A) balance sheet
• B) statement of cash flows
• C) statement of changes in financial position
• D) income statement

---

Definitions:

Signaling Mechanism

A method through which parties communicate their intentions, strength, or quality without explicit messages.

High Quality

Refers to products or services that meet or exceed customer expectations in terms of durability, reliability, and performance.

Expensive Engagement Ring

A high-cost ring traditionally given during a proposal, symbolizing intent to marry.

Scrimping

The act of saving money by spending less, often by cutting back on non-essential expenses.