The CORRECT data flow from one financial statement to the next is: A: statement of retained earnings, income statement, balance sheet, statement of cash flows. B: balance sheet, statement of retained earnings, income statement, statement of cash flows. C: statement of retained earnings, income statement, statement of cash flows, balance sheet. D: income statement, statement of retained earnings, balance sheet, statement of cash flows.

() are<br/>real assets. A: Land B: a<br/>fixed level of income for the life of the owner. C: Machines D: a<br/>variable level of income for owners on a fixed income. E: Stocks<br/>and bonds F: a<br/>fixed or variable income stream at the option of the owner. G: Knowledge H: a<br/>fixed stream of income or a stream of income that is determined<br/>according to a<br/>specified<br/>formula for the life of the security. I: Land,<br/>machines, and knowledge<br/>A<br/>debt security pays (D)

To increase the Money Supply, a Central Bank can: ( ) A: Increase<br/>the Reserve Requirement. B: Reduce<br/>the Reserve Requirement. C: None<br/>of the above.

Which of the following is NOT a reason why cash flow may not equal net income? A: Amortization is added in when calculating net income. B: Changes in inventory will change cash flows but not income. C: Capital expenditures are not recorded on the income statement. D: Depreciation is deducted when calculating net income.

Which<br/>of the following situations would result in an increase in income<br/>under the accrual method of accounting, but would NOT result in an<br/>increase in income under the cash-basis method of accounting? ( ) A: Purchase<br/>of supplies for cash B: Use<br/>of supplies purchased earlier C: Performance<br/>of services on account D: Receipt of cash for services that were performed earlier on account