Sciences
10 QUESTIONS
Q1. The financial statement that reports the revenue and expense for a period of time such as year or month…
A) Balance sheet
B) Income statement
C) Statement of cash flows
Q2. The financial statement that reports asset liability and equity at a specific date :
A) Balance sheet
B) Income statement
C) Statement of cash flows
Q3. Assets are usually reported on the balance sheet at which amount?
A) Cost
B) Current market value
C) Expected selling price