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

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Definitions:

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.

Consumer Surplus

The divergence between the total price consumers are willing and able to contribute towards a good or service and the total price they actually contribute.

Japanese Government

The national government of Japan, characterized by a constitutional monarchy and a parliamentary government.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the amount they actually receive.