The Document That Would Tell You What You Received and Spent

question 29

Multiple Choice

The document that would tell you what you received and spent over the past month is the

• A) Balance sheet.
• B) Cash flow statement.
• C) Budget.
• D) Bank statement.
• E) Credit card statement.

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Definitions:

Extraordinary Item

Unusual and infrequent gains or losses that are reported separately in the financial statements to give a clearer picture of a company's ongoing performance.

Income Reporting

The process of communicating the income generated by a business over a specific period, typically through financial statements like income statements.

Earnings Per Share

A key financial indicator calculated by dividing the net income by the number of outstanding shares of a company's stock.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.