Multiple Choice
Financial statements are prepared after an entity's transactions are analyzed and recorded.Which of the following reports is NOT one of the required financial statements?
A) Statement of cash flows
B) Balance sheet
C) Statement of drawings
D) Income statement
Correct Answer:
Verified
Correct Answer:
Verified
Q94: Accounting is the language of business.
Q116: Sharon Samson starts a plumbing service named
Q117: The faithful representation principle requires that information
Q118: Businesses can be organized in a variety
Q119: Beginning owner's capital is $20,000.No capital contributions
Q122: Ace Builders had the following transactions in
Q123: A not-for-profit organization has owners just like
Q124: Which of the following concepts (or principles)would
Q125: A business receives a bill for services
Q126: In an LLC,the business,not the owners,is responsible