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Which of the following is not true?

Which of the following is not true?

A.The Statement of Cash Flows needs to be completed first, in order for the other financials to be linked.

B.Understanding how the financial statements articulate, helps us to analyze transactions and events and to understand how events affect each financial statement separately and all four together.

C.Net income reported on the income statement is linked to the statement of retained earnings, which in turn is linked to the balance sheet.

D.Articulation refers to the fact that the four financial statements are linked to each other and that changes in one statement affect the other three.

Top Answer

Option A :- The Statement of Cash Flows... View the full answer

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A.The Statement of Cash Flows needs to... View the full answer

1 comment
  • last is the statement of cash flows
    • dinamarcanete
    • May 01, 2018 at 10:39pm

Cash flow statement: A cash flow statement is the statement that depicts the flow of cash during the year. It consists of 3... View the full answer

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