Which of the Following Represents the Proper Order of Financial

question 76

Multiple Choice

Which of the following represents the proper order of financial statement preparation?

• A) Statement of cash flows,balance sheet,income statement,statement of retained earnings
• B) Statement of retained earnings,income statement,statement of cash flows,balance sheet
• C) Balance sheet,statement of cash flows,statement of retained earnings,income statement
• D) Income statement,statement of retained earnings,balance sheet,statement of cash flows

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Definitions:

Finance

The management of large amounts of money, especially by governments or large companies.

Unilateral Transfer

A one-way transfer of money, goods, or services from one country to another, without a direct or equivalent return.

Foreign Investments

Investments made by individuals, companies, or governments in assets or business ventures in another country.

Charitable Donations

Financial or material contributions made to non-profit organizations or causes without expecting anything in return.