题目
题目

BACC012 Week 7: Practice Quiz

单项选择题

Linh Do Accounting Services  reported income (profits) of $150 000 for 2022, but its cash balance decreased $40 000. Which financial statement should Linh Do Accounting Services' management refer to for an explanation of this situation?

选项
A.Statement of cash flows
B.Statement of Income
C.Statement of changes in equity
D.Statement of financial position
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标准答案
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思路分析
The question asks which financial statement management should consult to explain why profits did not align with the cash balance. Option 1: Statement of cash flows. This is the correct choice because the cash flow statement reconciles net income to cash provided by operating activities, and also shows cash movements from in......Login to view full explanation

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