Multiple Choice
The Profit & Loss Statement lists:
A) Assets and Expenses
B) Assets and Liabilities
C) Net Income and Owner's Equity
D) Income and Expenses
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The Balance Sheet lists:<br>A)Assets,Liabilities,and Owner's Equity<br>B)Gains,Losses,and Net
Q5: Examples of management reports for internal decision
Q6: Providing information to external users for decision
Q7: To prepare the Profit & Loss report,select:<br>A)Reports
Q8: List 3 (three)main types of financial reports
Q10: What is the primary objective of providing
Q11: The Income Statement lists:<br>A)Net Income and Owner's
Q12: Providing information to internal users for decision
Q13: To prepare the entire Journal,select:<br>A)Reports Center >
Q14: On the Statement of Cash Flows,cash inflows