Which Financial Statement Is Prepared Last

question 133

Multiple Choice

Which financial statement is prepared last?

• A) income statement
• B) balance sheet
• C) statement of owner's equity
• D) The financial statements can be prepared in any order.

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Definitions:

Thermocouple

A sensor used for measuring temperature, made from two different conductors that generate a voltage, proportional to a temperature difference.

Turbine Flow Meter

A turbine flow meter is a device used to measure the flow rate of a fluid within a pipe, utilizing a turbine that rotates with the flow of the fluid.

Strain Gauge Load Cell

A strain gauge load cell is a device used to measure force or load by converting the deformation (strain) of a material into an electrical signal.