The Basis of Measurement Used in the Statement of Cash

question 18

Multiple Choice

The basis of measurement used in the statement of cash flows is:

• A) accrual.
• B) cash and cash equivalents.
• C) net present value.
• D) market value.

---

Definitions:

Induced

Caused or motivated someone or something to act in a certain way.

Liquidated Damages

are a predetermined form of compensation specified within a contract, payable for a breach of contract, where actual damages are difficult to ascertain.

Unreasonable

Not guided by or based on good sense or logic; excessive or beyond reasonable limits.

Exclusive Personal Services

Contractual agreements where an individual agrees to provide their services exclusively to a single employer or client.