Reports That Provide Data or Findings, Analyses, and Conclusions Are

question 18

Multiple Choice

Reports that provide data or findings, analyses, and conclusions are

• A)informational reports.
• B)analytical reports.
• C)summaries.
• D)progress reports.

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Definitions:

Supplies Expense

The cost associated with the consumable items used in the operation of a business, such as office supplies or cleaning materials.

Adjusting Journal Entry

An entry in accounting that is made at the end of an accounting period to record any unrecognized income or expense for the period.

Income Tax Expense

The cost incurred by businesses or individuals due to earnings, represented as an expense in financial statements and affecting net income.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment.