Which of the Following Financial Statements Is Usually Prepared Last

question 104

Multiple Choice

Which of the following financial statements is usually prepared last?

• A)Income statement.
• B)Statement of retained earnings.
• C)Income tax return.
• D)Balance sheet.

---

Definitions:

Probability

A quantification between 0 and 1, showing the chances of an event's occurrence.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.

Number of Children

A count of offspring or children associated with a person, family, or population within a certain context.

Poisson Distribution

A statistical distribution showing the probability of a given number of events occurring in a fixed interval of time or space, assuming that these events happen with a known constant mean rate and independently of the time since the last event.