The Financial Statement That Reports Whether the Business Earned a Profit

question 159

Multiple Choice

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

• A) Statement of cash flows.
• B) Statement of financial position.
• C) Balance sheet.
• D) Income statement.
• E) Statement of owner's equity.

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Definitions:

Narcissistic People

Individuals exhibiting a pattern of self-centered, arrogant thinking and behavior, a lack of empathy, and a need for admiration.

Game-Playing Approach

The game-playing approach refers to strategies or practices that involve competitive interactions or simulations, often used in educational, therapeutic, or strategic settings to enhance learning or decision-making.

Romantic Relationships

Interpersonal relationships characterized by emotional and physical intimacy, commitment, and usually sexual activity, influenced by cultural, social, and personal factors.

Excessive Self-Confidence

is an inflated sense of one's abilities or worth, often leading to taking undue risks or failing to recognize one's limitations.