Which of the Following Is Prepared to Determine a Business's

question 8

Multiple Choice

Which of the following is prepared to determine a business's net profit or net loss for the year?

• A) A trial balance.
• B) A statement of financial position.
• C) A statement of cash flows.
• D) A statement of profit or loss.

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Definitions:

Carbon Dioxide

A gas that has no color or smell, created when carbon and organic compounds burn and during breathing. It exists naturally in the atmosphere and is taken in by plants during the process of photosynthesis.

Ultraviolet Radiation

A form of electromagnetic radiation with wavelengths shorter than visible light but longer than X-rays, capable of causing skin burns and can play a beneficial role in vitamin D production.

Ozone Layer

The ozone layer is a stratospheric layer rich in ozone, which protects life on Earth by absorbing the majority of the sun's harmful ultraviolet radiation.

Organic Life

Refers to life forms that are based on carbon compounds, which includes all living organisms on Earth.