Which Financial Statement(s)do You Need to Use to Calculate the Debt-To-Equity

question 161

Multiple Choice

Which financial statement(s) do you need to use to calculate the debt-to-equity ratio?

• A)only the balance sheet
• B)only the income statement
• C)both the income statement and the balance sheet
• D)the income statement,the balance sheet,and the statement of cash flows

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Definitions:

Fairness And Justice

Fairness And Justice involve principles of impartiality and equity where individuals receive fair treatment and decisions are made without favoritism or prejudice.

Doctrine Of Quasi Contract

An equitable legal concept implying a contract exists for fairness, despite no actual agreement between parties, to prevent unjust enrichment.

Performance Of A Contract

The execution of the duties and obligations as specified in a legal contract by the parties involved.

Compliance

The act of adhering to and following laws, regulations, standards, and ethical practices set by regulatory bodies or institutions.