The Three Key Financial Statements of a Business Are the

question 187

Multiple Choice

The three key financial statements of a business are the

• A)ledger,journal,and trial balance.
• B)cash budget,capital budget,and master budget.
• C)revenue summary,expense summary,and consolidation statement.
• D)balance sheet,income statement,and cash flow statement.

---

Definitions:

Competition

The effort and striving between two or more independent rivals to secure the business of one or more third parties by offering the best possible terms.

Quantity Traded

This refers to the total amount of a certain commodity, security, or currency that is transferred over a given period.

Gold

A precious metal used historically as a store of value, for investment, and in various industrial and technological applications.

Ethanol

A volatile, flammable, colorless liquid alcohol used as a fuel additive and in alcoholic beverages.