Author Question: The _____ reports the financial position of a firm by identifying and reporting the value of the ... (Read 85 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
The _____ reports the financial position of a firm by identifying and reporting the value of the firm's assets, liabilities, and owners' equity.
 A) balance sheet
  B) profit and loss statement
  C) statement of retained earnings
  D) statement of cash flows

Question 2

Judy Barnes, Betty Turley, and Bob Turner want to obtain limited liability for their business, but they want to avoid double taxation. Which type of business ownership would you recommend?
 A) Regular corporation
  B) General partnership
  C) Sole proprietorship
  D) S-corporation
  E) Not-for-profit corporation



jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

For a complete list of videos, visit our video library