In What Order Are Financial Statements Generally Prepared

question 10

Multiple Choice

In what order are financial statements generally prepared?

• A) balance sheet, statement of retained earnings, and income statement
• B) income statement, statement of retained earnings, and balance sheet
• C) income statement, balance sheet, and statement of retained earnings
• D) statement of retained earnings, income statement, and balance sheet

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Definitions:

Motor Processes

The physical actions and activities related to the movement and control of the body and its parts.

Walking Alone

The act of moving on foot without the company of others, which can refer to literal solitude or metaphorically to independence or self-reliance.

Normally Developing

A term used to describe the typical progression of physical, cognitive, and emotional growth in children.

Hidden Object Test

A research technique invented by Piaget to assess object permanence in infants from 6 months old. An interesting object, like a small toy, is placed in front of a baby within her reach. As the baby watches, the experimenter covers the object so that it is out of sight. If the baby searches for the object under the cloth she demonstrates that she has a sense of the continued existence of absent objects.