What financial statement explains the changes that took place in ...

[Davideckstein7]

What financial statement explains the changes that took place in the firm's cash balance over a
  period?
 
  A) income statement B) balance sheet
  C) statement of cash flow D) reconciliation of free cash flow

Question 2

Bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the
  United States. Bill wants to create a new company, 50 owned by Bill and 50 owned by a major
  drug company.
 
  Although he believes the pills are safe, Bill is concerned about liability if someone
  becomes sick or dies. The best form of business organization for the new company is
  A) limited liability company with Bill and the drug company owning equal shares.
  B) general partnership with Bill and the drug company as equal partners.
  C) sole proprietorship with Bill as owner and the drug company as creditor.
  D) S-type corporation with Bill and the drug company owning equal shares.

[vickyvicksss]

Answer to Question 1

C

Answer to Question 2

A