Which of the Following Can Be Found on the Statement

question 52

Multiple Choice

Which of the following can be found on the statement of cash flows?

• A) cash flows from operating activities
• B) total assets
• C) total changes in stockholders' equity
• D) changes in retained earnings

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Definitions:

Internal Control

Procedures and policies implemented by a company to safeguard its assets, ensure accurate and reliable financial reporting, and comply with laws and regulations.

Cash

Liquid assets that a company or individual has available for transactions.

Bank Reconciliation

The process of ensuring that a company’s bank account balance matches its financial records, identifying discrepancies and making adjustments as necessary.

Internal Controls

Systems and steps a corporation takes to verify the accuracy of financial and accounting reports, encourage responsible behavior, and stop dishonest practices.