Examlex
Which of the following is NOT identified in your text as an event that made 2011 a critical juncture?
Income Statement
An Income Statement is a financial statement that shows a company's revenues and expenses over a specific period of time, culminating in net profit or loss.
Balance Sheet
An outline that captures a company's assets, debts, and the equity of its shareholders at a distinct point, illustrating the company's financial standing.
Worksheet
An informal document used by accountants to prepare adjusting entries and to reconcile accounts in the preparation of financial statements.
Normal Balance
The side (debit or credit) of an account that is expected to have a greater value, depending on the account type.
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