Which of the following is not applicable to a functional household statement of cash flows?
A)Resembles business cash flow statement.
B)Calculates net cash flows properly.
C)Handles revenues properly.
D)It is simpler than a traditional household statement of cash flows.
E)All of the above are applicable to a traditional household statement of cash flows.

Question

Quizplus · Accepted Answer

A functional household statement of cash flows is actually more complex than a traditional household statement of cash flows because it categorizes cash inflows and outflows into specific activities such as operating, investing, and financing. Therefore, option D is not applicable as it contradicts the actual characteristics of a functional household statement of cash flows.

Which of the Following Is Not Applicable to a Functional