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Author Question: What basic financial statements can be found in a corporate annual report? a. Balance sheet, ... (Read 99 times)

cagreen833

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on: Jul 6, 2018
What basic financial statements can be found in a corporate annual report?
 
  a. Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows.
  b. Balance sheet, auditor's report and income statement.
  c. Earnings statement and statement of retained earnings.
  d. Statement of cash flows and five-year summary of key financial data.

Question 2

Which of the following accounts will have a remaining balance after the closing process is completed?
 a. Income from Services
   b. Rent Expense
   c. Owner's Drawing
   d. Owner's Capital
   e. Depreciation Expense


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Dinolord

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Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

d


cagreen833

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Reply 2 on: Jul 6, 2018
Excellent

parker125

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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