Which One of the Following Statements Regarding Financial Reports Is

question 77

Multiple Choice

Which one of the following statements regarding financial reports is correct?

• A)The balance sheet classifies all assets according to operating,investing,and financing activities.
• B)The income statement is used to show that a company's resources equal claims to those resources.
• C)The statement of stockholders' equity updates the balances of common stock and retained earnings for related transactions during the year.
• D)The statement of cash flows shows cash inflows and outflows from operating activities only.

---

Definitions:

Gullah Bible

The Gullah Bible is a translation of the Bible into the Gullah language, which is spoken by the African American communities on the Sea Islands and coastal region of the Southeastern United States.

Media Outlets

Organizations that distribute news, entertainment, or other information to the public via television, radio, internet, newspapers, or magazines.

Informational Appeal

An advertising and marketing strategy that uses factual and informative messages to influence the target audience.

Emotional Appeal

A marketing strategy designed to evoke emotional responses from consumers, aiming to create a personal connection with the product or brand.