Examlex
Which of the following phrases best describes the H-O bonds present in water (H2O) ?
Balance Sheet
A financial document showing what a company owns, owes, and the equity of its shareholders at a fixed point in time.
Trial Balance
An accounting table that aggregates all ledger balances into debit and credit columns, ensuring both totals are identical.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, leading to its net income or loss.
Retained Earnings
The cumulative earnings of a company that have not been distributed to shareholders as dividends, reinvested back into the company.
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