The first financial statement to be prepared at the end of each ...

[charchew]

The first financial statement to be prepared at the end of each accounting period is the ________.
 
  A) balance sheet
  B) income statement
  C) statement of changes in shareholders' equity
  D) statement of cash flows

Question 2

Outstanding checks are checks issued that have not yet been presented to the bank for payment.
 a. True
   b. False
   Indicate whether the statement is true or false

[fauacakatahaias]

Answer to Question 1

B

Answer to Question 2

True

[charchew]

Thanks for the timely response, appreciate it

[mcabuhat]

Excellent