Which of the Following Are Examples of Periodic (Activity)reports

question 40

Multiple Choice

Which of the following are examples of periodic (activity) reports?

• A)Sales,accounts payable,and personnel reports
• B)Trip,convention,and conference reports
• C)Investigative reports
• D)Justification/recommendation reports

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Definitions:

Depreciation Expense

The allocated amount of the cost of an asset, spread out over the time it is expected to be used, reflecting its consumption, wear and tear, or obsolescence.

Indirect Method

In cash flow calculation, this method adjusts net income for non-cash transactions and changes in working capital to arrive at net cash provided by operating activities.

Net Loss

The negative financial result that occurs when a company's expenses exceed its revenues.

Merchandise Inventories

Goods purchased and held for resale by a business, including products available for sale and items in the process of production for sale.