Which of the following financial statements includes information about a firm's assets, equity, and liabilities??

A. ?Income statement
B. Cash flow statement?
C. ?Balance sheet
D. ?Statement of retained earnings
E. ?Statement of changes in long-term financing


Answer: C

Business

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Excerpts from Neuwirth Corporation's comparative balance sheet appear below: Ending BalanceBeginning BalanceCash and cash equivalents$37,000 $27,000 Accounts receivable$24,000 $28,000 Inventory$65,000 $68,000 Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method?

A. The change in Accounts Receivable is added to net income; The change in Inventory is subtracted from net income B. The change in Accounts Receivable is subtracted from net income; The change in Inventory is added to net income C. The change in Accounts Receivable is subtracted from net income; The change in Inventory is subtracted from net income D. The change in Accounts Receivable is added to net income; The change in Inventory is added to net income

Business

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A. respect B. caring C. citizenship D. fairness

Business

At the end of the accounting period, Houston Company had $12,000 of par value common stock issued, additional paid-in capital in excess of par value - common of $11,000, retained earnings of $12,000, and $4,000 of treasury stock. The total amount of stockholders' equity is:

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Business