The working capital format is one possible format for presenting a statement of changes in financial position. Which of the following formats is (are) also theoretically acceptable? Cash$\quad$Quick Assets A) acceptable$\quad$Not acceptable B) Not acceptable$\quad$ Not acceptable C) Not acceptable $\quad$Acceptable D) Acceptable$\quad$ Acceptable

Question

Quizplus · Accepted Answer

The working capital format is not the only acceptable format for presenting a statement of changes in financial position. The cash and quick assets format, where the changes in cash and quick assets are highlighted, is also theoretically acceptable. Therefore, both the working capital and cash/quick assets formats are acceptable options.

The Working Capital Format Is One Possible Format for Presenting \quad

The Working Capital Format Is One Possible Format for Presenting $\quad$