In What Order Are the Financial Statements Generally Prepared

question 157

Multiple Choice

In what order are the financial statements generally prepared?

• A)balance sheet,income statement,and statement of retained earnings
• B)income statement,statement of retained earnings,and balance sheet
• C)income statement,balance sheet,and statement of retained earnings
• D)statement of retained earnings,balance sheet,and income statement

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Definitions:

Matrix

(1) In cell biology, the interior of the compartment enclosed by the inner mitochondrial membrane. (2) In zoology, nonliving material secreted by and surrounding connective tissue cells; contains a network of microscopic fibers.

Fibers

Stringy structures in plants that give strength and support; also refers to dietary material containing substances such as cellulose.

Squamous

Referring to flat, scale-like cells that make up the outer layer of the skin and some internal organs.

Actin

Actin is a globular protein that forms filaments, playing a vital role in muscle contraction, cell movement, and the maintenance of cell shape in all eukaryotic cells.