Which of the Following Statements About the Format of Financial

question 43

Multiple Choice

Which of the following statements about the format of financial statements is correct?

• A)A double underline is drawn below the subtotal for Total Liabilities on the balance sheet.
• B)Dollar signs are omitted if the heading states that amounts are reported in U.S.dollars.
• C)Dividends are shown in parentheses on the statement of retained earnings.
• D)The order of the items included in the heading of each financial statement is as follows: the name of the business,the time period covered by the financial statement,and the title of the report.

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Definitions:

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The participation in or commitment to activities and beliefs associated with a religious faith or community.