Which of the Following Is the Correct Order of Preparation

question 45

Multiple Choice

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

• A) Income statement → statement of owner's equity → balance sheet → statement of cash flows
• B) Statement of owner's equity → balance sheet → income statement → statement of cash flows
• C) Balance sheet → statement of owner's equity → income statement → statement of cash flows
• D) Balance sheet → income statement → statement of owner's equity → statement of cash flows

---

Definitions:

Consolidation

The process of stabilizing a memory trace after the initial acquisition, making it more durable and less susceptible to disruption.

Occupational Development

The process of growth and change in one's career path and job roles over the course of their working life.

Work-Life Balance

The equilibrium between personal life and career work, where an individual allocates time and energy to both life domains satisfactorily.

Work Time Control

The degree of flexibility that an individual has over the scheduling and duration of their work hours.