The Three Important Financial Statements Prepared by Accountants Are

question 220

Multiple Choice

The three important financial statements prepared by accountants are:

• 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 statement of cash flows.

---

Definitions:

Two-factor Model

A Two-factor Model in finance is an asset pricing model that uses two variables to calculate the value of an asset or the expected return.

Commodity Prices

The market prices for raw materials or primary agricultural products.

Market Risk

The risk of losses in investments due to factors that affect the entire market or economy.

Arbitrage Opportunity

A situation in which it is possible to simultaneously buy and sell an asset or commodities in different markets to profit from price differences.