Which of the Following Is NOT Correct Regarding the Reporting

question 139

Multiple Choice

Which of the following is NOT correct regarding the reporting of cash?

• A)Cash is reported in both the balance sheet and the statement of cash flows.
• B)Cash flows from buying and selling investments and long-term productive assets are called operating cash flows.
• C)Cash flows from transactions with stockholders and creditors are called financing cash flows.
• D)Net cash flows reported in the statement of cash flows should equal the change in cash reported in the balance sheet.

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Definitions:

Control Number

A numerical or alphanumeric code used to track or manage items or processes.

Facilitated Chairperson

An individual who helps guide and manage the flow of a meeting or discussion, ensuring that objectives are met efficiently.

Information Asymmetry

A situation where one party has more or better information than the other, often leading to an imbalance in a transaction or negotiation.

Sharing

The act of giving a portion of what one has to others, often seen as a gesture of generosity or a means to distribute resources equitably.