What Is the Order of Preparation of Financial Statements

question 27

Multiple Choice

What is the order of preparation of financial statements?

• A)statement of income, statement of changes in equity, statement of financial position.
• B)statement of changes in equity, statement of income, statement of financial position.
• C)statement of financial position, statement of income, statement of changes in equity.
• D)statement of changes in equity, statement of financial position, statement of income.

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Definitions:

Ambassador's

Relating to an ambassador, who is an accredited diplomat sent by a country as its official representative to a foreign country.

Announcer's

Pertaining to individuals who present or deliver information to the public, especially in broadcasting contexts like radio or television.

Children's

Pertaining to children; often used to signify possession, association, or relation to children, as in "children's books" or "children's health."

Thursdays

The fifth day of the week, following Wednesday and preceding Friday.