Which of the Following Statements Is Not Correct

question 24

Multiple Choice

Which of the following statements is not correct?

• A) The statement of cash flows effectively duplicates the function of the cash budget.
• B) Analysis of an entity's cash flow position requires an examination of trends in statement of cash flows items over several years.
• C) The statement of cash flows can explain the effects of operating activities on the entity's cash position.
• D) The statement of cash flows can provide information about the causes of changes in the entity's cash position over the period.

Analyze investment problems ignoring income taxes to focus on the principle of time value.

Understand the collective responsibility for IT security within an organization.

Recognize the problems and solutions associated with password security.

Understand the vulnerabilities associated with the Internet of Things and their implications.

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Definitions:

Restrictive Policy

Policies or conditions imposed by lending institutions or governments that limit certain activities or operations to reduce risk.

Just-in-time

A production strategy that aims to reduce in-process inventory and associated carrying costs by producing goods only as they are needed in the production process.

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and spoilage costs.

Shortage Costs

Costs incurred by a business when the demand for its products exceeds its supply, often leading to lost sales and customer dissatisfaction.