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The Statement of Cash Flows and the Statement of Financial

Question 1

Multiple Choice

The statement of cash flows and the statement of financial position are interrelated because

A) both disclose the corporation's profit.
B) the ending amount of cash on the statement of cash flows must agree with the amount in the statement of financial position.
C) the ending amount of cash on the statement of cash flows must agree with the amount on the statement of earnings.
D) the ending amount of cash on the statement of cash flows must agree with the amount in the statement of changes in equity.

Correct Answer: