Accounting Standards Require Companies to Include a Statement of Cash

question 11

True/False

Accounting standards require companies to include a statement of cash flows in a complete set of financial statements.

---

Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Foreign Policy Maker

An official or government body responsible for crafting strategies and decisions that define a nation's interactions with other countries.

Congress

Congress is the legislative body of the United States federal government, consisting of two houses: the Senate and the House of Representatives, responsible for making the nation's laws.

Constitutional Power

The authority granted to a governmental body or official by a constitution, defining the scope and limits of government action and governance.