Which of the Following Financial Statements Reports Expenses in Decreasing

question 145

Multiple Choice

Which of the following financial statements reports expenses in decreasing order of their amounts,by stating the largest expense first?

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

---

Definitions:

Main Effect

The main effect is the impact of an independent variable on a dependent variable in a statistical model, ignoring other variables' influences.

Factor A

Factor A is often used in experimental design to represent one of the independent variables being tested for its effect on a dependent variable.

Reject

In statistical analysis, to refuse to accept a null hypothesis, based on the outcome of a test showing that observed data is unlikely under the hypothesis.

Null Hypothesis

A default hypothesis that there is no significant effect or difference, used as a starting point for statistical hypothesis testing.