In What Order Are the Financial Statements Generally Prepared

question 97

Multiple Choice

In what order are the financial statements generally prepared?

• A)Balance sheet,income statement,and statement of retained earnings
• 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,balance sheet,and income statement

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Definitions:

Obsessions

Persistent, unwanted thoughts, urges, or images that cause distress or anxiety.

Compulsions

Repetitive behaviors or mental acts that a person feels driven to perform in response to an obsession, often to reduce distress or prevent a feared event.

Obsessive-compulsive Disorder

A mental health disorder characterized by uncontrollable, recurring thoughts (obsessions) and behaviors (compulsions) that the individual feels the urge to repeat over and over.

Agoraphobia

An anxiety disorder characterized by an intense fear of being in situations where escape might be difficult or help wouldn't be available if a panic attack occurs.