The Financial Statement That Reports Whether the Business Earned a Profit

question 171

Multiple Choice

The financial statement that reports whether the business earned a profit and also lists the revenues and expenses is called the:

• A)Balance sheet.
• B)Statement of retained earnings.
• C)Statement of cash flows.
• D)Income statement.
• E)Statement of financial position.

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Definitions:

MMPI

Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology.

Rorschach Inkblot Technique

A projective psychological test consisting of 10 inkblots presented to individuals who interpret what they see, used to analyze their personality, emotional functioning, and underlying thought disorders.

Myers-Briggs Indicator

A psychological assessment tool designed to measure how people perceive the world and make decisions, based on Jungian theory.

Thematic Apperception Test

A projective psychological test in which individuals express their thoughts and feelings through the stories they make up about ambiguous scenes.