The Permanent Accounts Appear on Which Financial Statement

question 46

Multiple Choice

The permanent accounts appear on which financial statement?

• A) Statement of Financial Position.
• B) Income Statement.
• C) Retained Earnings Statement.
• D) Statement of Cash Flows.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, or the compensation paid by banks to depositors for saving or depositing money.

Overexploited

Used to describe natural resources that have been excessively used or depleted, often beyond the point of sustainable recovery.

Relative To

A term used to compare or contrast something in relation to something else.