Which of the Following Statements Is True

question 115

Multiple Choice

Which of the following statements is true?

• A)The "net change in cash" reported on the statement of cash flows is also reported on the statement of retained earnings.
• B)Both the income statement and the statement of cash flows show the results of a company's operating activities.
• C)The statement of cash flows is for a period of time while the income statement is at a point in time.
• D)The statement of cash flows is at a point of time while the income statement is for a period of time.

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