Four Financial Statements Are Usually Prepared for a Business

question 61

Multiple Choice

Four financial statements are usually prepared for a business.The statement of cash flows is usually prepared last.The retained earnings statement (RES) ,the balance sheet (B) ,and the income statement (I) are prepared in a certain order to obtain information needed for the next statement.In what order are these three statements prepared?

• A) I,RES,B
• B) B,I,RES
• C) RES,I,B
• D) B,RES,I

Evaluate the empirical foundation and development of the adaptive leadership model.

Apply the adaptive leadership model to organizational challenges and change scenarios.

Critically assess and compare adaptive leadership with other leadership approaches.

Recognize when an adaptive leadership approach is necessary, particularly regarding issues affecting beliefs and values.

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Definitions:

Antecedent

In logic, the first half of a hypothetical proposition; in general, any preceding event, condition, or cause.

Consequent

In logic, the consequent is the second part of a conditional statement, typically following "then." For example, in "If P, then Q," Q is the consequent.

Categorical Proposition

A statement that asserts or denies something about every member of a category, involving a subject and a predicate and classified based on quality (affirmative or negative) and quantity (universal or particular).

Hypothetical Proposition

An assumption made for the sake of argument or investigation, often forming the basis of a conditional statement.