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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:
- Income sheet
- Statement of retained earnings
- Balance sheet
- 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
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The answer is that, "Mary was conducting an experiment".
Mary has done the experiment by raising the price of cookies every week, and when her experiment finished, she concluded a result from her experiment about the price of cookies which is more profitable. So in daily life we do many experiments to get conclusion from them sometimes it takes more time some times less.
Answer:
c. Bubble-Up's smaller size may make it more flexible in introducing innovations than Mega-Toy.
Explanation:
As Bubble UP is a small organization, it does not have significant market share and also it do not have huge cost as the production is low, accordingly if it invents or innovates a new set of toys, then it will be really easy for the organization to do so.
This is because the organization's small size is a benefit, as even in case of losses through innovation the losses will be small because of small investment, whereas losses that of the Mega Toy in case of unsuccessful innovation will be huge.
Answer:
D: All of the above
Explanation:
D. All of the above may be considered an appropriate action depending on the type of violation and the sponsoring partner’s corrective actions.
Failure to comply with these standards could result in, but is not limited to, the following:
• Your removal from all VITA/TCE Programs;
• Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely;
• Deactivation of your sponsoring partner’s site VITA/TCE EFIN (electronic filing ID number);
• Removal of all IRS products, supplies, loaned equipment, and taxpayer information from your site;
• Termination of your sponsoring organization’s partnership with the IRS;
• Termination of grant funds from the IRS to your sponsoring partner; and
• Referral of your conduct for potential TIGTA and criminal investigations