Zack CoReported a Net Loss of $50,000 for 2017,yet Its Cash

question 103

Multiple Choice

Zack Co.reported a net loss of $50,000 for 2017,yet its cash balance increased during the year.Which financial statement should Zack's management refer to for an explanation of this situation?

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

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Definitions:

Transistors

Semiconductor devices used to amplify or switch electronic signals and electrical power.

CPU

The Central Processing Unit, which acts as the primary component of a computer that performs most of the processing inside a computer.

RAM Memory

Random Access Memory, a form of computer memory that can be accessed randomly at any time, used to store working data and machine code.

CPU

The Central Processing Unit, a primary component of a computer that performs most of the processing inside a computer.