Author Question: The _____ reports the financial position of a firm by identifying and reporting the value of the ... (Read 80 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 more sensory neurons in the tongue than in any other part of the body.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library