Which of the Following Is the Correct Order of Preparation

question 223

Multiple Choice

Which of the following is the correct order of preparation of financial statements?

• A) Income statement → statement of retained earnings → balance sheet → statement of cash flows
• B) Statement of retained earnings → balance sheet → income statement → statement of cash flows
• C) Balance sheet → statement of retained earnings → income statement → statement of cash flows
• D) Balance sheet → income statement → statement of retained earnings → statement of cash flows

---

Definitions:

Mental Number Line

A cognitive representation of numbers in a linear arrangement, where individuals mentally arrange numbers along a continuum from least to greatest.

Head Start

A program in the United States that provides comprehensive early childhood education, health, nutrition, and parent involvement services to low-income children and their families.

Intellectual Performance

Intellectual performance encompasses cognitive processes such as thinking, reasoning, problem-solving, and memory, reflecting an individual’s capability to learn, make decisions, and adapt to new situations.