Which Accounting Report Is Prepared at a Particular Point of Time

question 55

Multiple Choice

Which accounting report is prepared at a particular point of time rather than over a period of time?

• A)Statement of comprehensive income.
• B)Statement of change in owners' equity.
• C)Statement of financial position.
• D)Both B and C.

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Definitions:

Triploid

An organism or cell having three complete sets of chromosomes, typically resulting from a cross between a diploid and a tetraploid or through nondisjunction events.

Angiosperm Seed

A reproductive structure produced by flowering plants, containing an embryo and nutrients, enclosed in a protective outer covering.

Monocot

A group of flowering plants (angiosperms) characterized by having a single cotyledon (seed leaf), parallel-veined leaves, and flower parts typically in multiples of three.

Cactus

A family of plants (Cactaceae) well adapted to dry environments, characterized by thick, fleshy stems that store water.