Asked by Madison Martinez on Apr 29, 2024
Verified
Which nation does not require a cash flow statement in its financial reporting?
A) United States
B) United Kingdom
C) Australia
D) Japan
Cash Flow Statement
A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
Financial Reporting
The process of producing statements that disclose an organization's financial status to management, investors, and regulatory authorities.
- Fathom the subtleties of international financial reporting, including the forces that compel the utilization of IFRS or alternative standards.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
D
Explanation :
Japan does not require a cash flow statement in its financial reporting.
Learning Objectives
- Fathom the subtleties of international financial reporting, including the forces that compel the utilization of IFRS or alternative standards.