Which of the following statements is NOT correct about the financial statements? Multiple Choice

An income statement reports revenues, expenses, and net income information.

The statement of stockholders' equity presents common stock, dividends, and retained earnings information.

A balance sheet reports assets, liabilities, revenues, and expenses.

The statement of cash flows shows cash inflows and outflows from operating, financing, and investing activities.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi