Examlex
When you do not want to write out your entire speech, there are other ways to have information available. Which of the following are useful to the speaker at the podium?
Current Year Financial Statements
Financial reports such as the balance sheet, income statement, and cash flow statement that reflect the company's financial performance and position for the ongoing fiscal year.
Adjusting Entries
Journal entries made at the end of an accounting period to update account balances before preparing financial statements.
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.
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