The 'Bottom Line' in the Statement of Profit or Loss

question 46

Multiple Choice

The 'bottom line' in the statement of profit or loss and other comprehensive income is profit. The 'bottom line' in the statement of cash flows is:

• A) cash flow from operations.
• B) net cash at the end of the year.
• C) net cash at the beginning of the year.
• D) net increase (decrease) in the cash balance over the period.

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Definitions:

Late 19th Century

The period from 1871 to 1900, marked by significant industrialization, technological advancement, and the consolidation of national states.

Standard Oil Trust

An American corporate monopoly that existed at the end of the 19th and the start of the 20th centuries, managed by John D. Rockefeller and partners through a trust, and was a pivotal company in the early oil industry.

Sherman Antitrust Act

A landmark federal statute in the U.S. that prohibits monopolistic business practices.

Antitrust Action

Legal measures taken to prevent or reduce monopoly power and to ensure competition in the marketplace.