Which of the Following Is a "Snapshot" of the Hospitality

question 1

Multiple Choice

Which of the following is a "snapshot" of the hospitality operation?

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

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Definitions:

Revenue

The income received by a company from its business activities, usually from the sale of goods and services to customers.

Expenses

Money spent or cost incurred in an entity's efforts to generate revenue, representing the cost of doing business.

Liability

An obligation of the company that arises from past transactions or events, leading to a probable future sacrifice of economic benefits.

Internal User

individuals within an organization who use financial information to make decisions, including managers and employees.