Which of the following is INCORRECT about the SOCF?
a. it is a 4th basic financial statement
b. it provides information about cash receipts and cash payments of an entity during a period
c. it reconciles the ending cash account balance to the balance per the bank statement
d. it provides information about he operating, investing and financing activities of the business
Ans: c. it reconciles the ending cash account balance to the balance per the bank statement
Business
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Indicate whether the statement is true or false
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