The Natural Progression in Items from One Statement to Another

question 41

Multiple Choice

The natural progression in items from one statement to another and preparation of financial statements is best represented by the following order:

• A)Balance sheet and statement of cash flows > statement of retained earnings > income statement
• B)Balance sheet and statement of cash flows > income statement > statement of retained earnings.
• C)Statement of retained earnings > income statement > balance sheet and statement of cash flows
• D)Income statement > statement of retained earnings > balance sheet and statement of cash flows

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Definitions:

Address Bar

The part of a web browser that displays the URL of the current page and allows the user to enter website addresses.

Taskbar

A bar displayed on the bottom of a computer screen (by default, in most operating systems) used for launching and managing software applications.

Window

A graphical control element in computing that displays content and allows user interaction, typically part of a graphical user interface.

Tiles

Visual representations of applications, files, or functions in a user interface, allowing for easy access and organization.