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Dafna1 [17]
2 years ago
7

the four basic financial statements are: multiple choice income statement, sheet of retained earnings, balance statement, and st

atement of cash flows. income statement, statement of earnings, balance statement, and statement of cash flows. income sheet, statement of retained earnings, balance sheet, and statement of cash flows. income statement, statement of retained earnings, balance sheet, and statement of cash flows.
Business
1 answer:
Aleksandr [31]2 years ago
5 0

The four basic financial statements are: C. income sheet, statement of retained earnings, balance sheet, and statement of cash flows.

<h3>The four basic financial statements.</h3>

In Financial accounting, there are four (4) basic financial statements and these include the following:

  1. Income sheet
  2. Statement of retained earnings
  3. Balance sheet
  4. Statement of cash flows

<h3>What is an income statement?</h3>

An income statement can be defined as a type of financial statement which is typically used by an entrepreneur or business firm to record the amount of money (revenues) that are entering or flowing into the business.

<h3>What is a statement of cash flows?</h3>

A statement of cash flows is also referred to as cash flow statement and it can be defined as a type of financial statement which illustrate how changes in income and various account of the balance sheet affect cash and other cash equivalents.

Read more on cash flows here: brainly.com/question/24299919

#SPJ1

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Type the correct answer in the box. Spell all words correctly.
Cerrena [4.2K]

Explanation:

Donna is going to engage in

buying <u>raw materials</u>?

3 0
3 years ago
Global Company makes a product that is expected to use 2.2 pounds of material per unit of product. The material has a standard c
avanturin [10]

Answer:

Favorable for price and unfavorable for usage.

Explanation:

Provided Information,

Standard Material = 2.2 pounds per unit

Standard cost = $2 per pound

Actual Quantity = 2.3 pounds per unit

Actual cost = $1.95 per pound

In Material Price variance we have = (Standard Price - Actual Price) \times Actual Quantity

Since Standard Price $2 is more than actual price = $1.95 the variance is favorable.

In material quantity variance we have = (Standard Quantity - Actual Quantity) \times Standard Rate

Since actual quantity used = 2.3 pounds is more than standard 2.2 pounds the variance will be unfavorable

Therefore, Price Variance = Favorable, and Quantity Variance = Unfavorable.

7 0
4 years ago
In recent years, foreign firms were reluctant to merge with or acquire American corporations.a. Trueb. False
dangina [55]

Answer:

b. False

Explanation:

Merging or acquiring American corporations by foreign firms helps them consolidating businesses or assets with a view to increasing productivity, maintaining a competitive edge, growing market share, or controlling supply and distribution networks. It gives them a reputation at the international stage as the United States has a dominant capitalist stand and merging with it ensures a promising future in the business market.

8 0
3 years ago
How is a savings account most useful?
Ksenya-84 [330]

The fourth answer is correct (D).

The savings account is an investment that generates little income. To make long-term investments, there are other options that give a better return.

However, this type of account serves so that the money that will be used in the short term has at least some income. In other words, if the investor is sure that he does not need the liquidity of the money, he can apply in bonds, debentures, shares, etc. If the investor has money that needs to be kept liquid to be used soon, the best option is the savings account.

6 0
4 years ago
Read 2 more answers
John has just paid off the full balance of his credit card. What happens to the
Natasha_Volkova [10]

Answer:

I think the answer is B. If It's correct please give the brainliest award.

8 0
3 years ago
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