One of the key financial statements prepared in the fifth step of the accounting cycle is
A: general journal.
B: statement of cash flows.
C: asset summary.
D: social audit.
A: general journal.
B: statement of cash flows.
C: asset summary.
D: social audit.
举一反三
- 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.
- which of the following are the key financial statements required to be published? ( ) A: Balance sheet B: Income statement C: Statement of cash flows D: Management report
- __________ of the profitability of the firm over a period of time such as a year. ( ) A: The income statement is a summary B: The balance sheet is a summary C: The audit report is a summary D: That statement of cash flows is a summary
- Unearned revenue is reported as: A: A revenue on the statement of financial position. B: A liability on the statement of financial position. C: An asset on the statement of financial position. D: An operating activity on the statement of cash flows.
- which of the following are the key financial statements required to<br/>be published?( ) A: Balance sheet B: Management report C: Statement of cash flows D: Income statement