A Report That Breaks the Analysis into Operating, Investing, and Financing

question 1

Multiple Choice

A report that breaks the analysis into operating, investing, and financing activities is called:

• A)Trial Balance.
• B)Profit and Loss.
• C)Balance Sheet.
• D)Statement of Cash Flows.
• E)All of these.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded.

Chronological Record

A record of events or transactions organized in the order they occurred over time.

Transactions

The exchange or transfer of goods, services, or funds between two or more parties.

Chart Of Accounts

A list of accounts and the account numbers that identify their location in the ledger.