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Question(s) / Instruction(s):

Accounting standards:

a)            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.

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 omit the statement of cash flows from a complete set of financial statements if the company has no financing activities.

d)            Require that companies omit the statement of cash flows from a complete set of financial statements if the company has no investing activities.

Require that companies include a statement of cash flows in a complete set of financial statements.

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