Which Financial Statement Must Be Prepared Before the Others

question 129

Multiple Choice

Which financial statement must be prepared before the others?

• A)statement of cash flows
• B)income statement
• C)balance sheet
• D)statement of retained earnings

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Definitions:

Radio Pulses

Short bursts of radio frequency energy used in various technologies and scientific research, including telecommunications, radar, and astrophysics.

Hydrogen Atoms

The simplest type of atom, consisting of one proton and one electron.

ERP

Stands for Enterprise Resource Planning, which is a type of software used by organizations to manage and integrate important parts of their businesses.

X-Rays

A type of electromagnetic radiation used in medical imaging to view inside the body.