Permanent Accounts Are Found On

question 237

Multiple Choice

Permanent accounts are found on:

• A)the balance sheet.
• B)the income statement.
• C)both the balance sheet and the income statement.
• D)none of the financial statements.

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Definitions:

Dividend Yield Ratio

A financial metric indicating the annual dividends paid by a company as a proportion of its share price.

Book Value Per Share

A measure that represents the equity available to shareholders divided by the number of outstanding shares.

Indirect Method

A method of computing the net cash provided by operating activities that starts with net income and adjusts it to a cash basis.

Net Cash

The amount of cash available after accounting for cash inflows and outflows.