Which of the Following Is Not a Current Reporting Requirement

question 181

Multiple Choice

Which of the following is not a current reporting requirement for a statement that reports changes in cash over a period of time?

• A)This statement must classify cash flows into three categories: operating,investing,and financing activities.
• B)Cash equivalents must be combined with cash in preparing this statement.
• C)Working capital may be used as a substitute for cash in preparing this statement.
• D)The title for this statement is "Statement of Cash Flows."

---

Definitions:

Personality Psychologist

A psychologist who specializes in studying patterns of thoughts, feelings, and behaviors that make a person unique.

Introversion

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation, often resulting in the preference for solitary or small-group activities.

Kurt Lewin

A German-American psychologist known for developing several key theories in social and applied psychology, including the theory of change, action research, and group dynamics.

Practical

Denotes something that is oriented towards action or utility, often emphasizing effectiveness and convenience in real-life situations.