A Bank Statement

question 34

Multiple Choice

A bank statement

• A) lets a depositor know the financial position of the bank as of a certain date.
• B) is a credit reference letter written by the depositor's bank.
• C) is a bill from the bank for services provided.
• D) shows the activity that increased or decreased the depositor's account balance.

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Definitions:

Net Fixed Assets

The value of a company's property, plant, and equipment minus depreciation, representing long-term investments in physical assets.

Straight-line Basis

A method of calculating depreciation of an asset, which evenly spreads the cost over its useful life.

Operating Income

Earnings before interest and taxes (EBIT), which shows a company's profit from its core business operations.

Tax Payments

Tax Payments are the compulsory financial charges or levies paid to the government by individuals, businesses, or other legal entities to fund public expenditures.