If a Company Issues Both a Balance Sheet and an Income

question 64

Multiple Choice

If a company issues both a balance sheet and an income statement with comparative figures from last year,a statement of cash flows:

• A) is no longer necessary;but may be used at the company's option.
• B) should not be issued.
• C) should be issued for the current year only.
• D) should be issued for each period for which an income statement is presented.

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Definitions:

Covert Negative

Internal, negative thoughts or beliefs that are not openly expressed but influence feelings and behaviors.

Stimulus Control

The modification of behavior by manipulating the factors that trigger or discourage it.

Antecedent

An event, condition, or cause that precedes and potentially triggers an effect or outcome.

Emitted

Released or given off, often used in the context of substances, light, sounds, or signals.