Accounting Standards

Multiple Choice

Accounting standards:

A) Require that companies omit the statement of cash flows from a complete set of financial statements if the company has no investing activities.
B) Allow companies to omit the statement of cash flows from a complete set of financial statements if cash is an insignificant asset.
C) Allow companies to include the statement of cash flows in a complete set of financial statements if the cash balance makes up more than 50% of the current assets.
D) Require that companies include a statement of cash flows in a complete set of financial statements.
E) Allow companies to omit the statement of cash flows from a complete set of financial statements if the company has no financing activities.