The four major financial statements of a corporation consist of the
A) income statement, balance sheet, statement of cash flows, and statement of changes in shareholders' equity.
B) balance sheet, statement of cash flows, statement of retained earnings, and income statement.
C) income statement, statement of cash flows, statement of financial flexibility, and balance sheet.
D) statement of cash flows, balance sheet, income statement, and statement of capital equity.
A
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The time needed to buy inventory, sell it, and collect the cash is the
a. average collection period; b. working period; c. inventory turnover; d. operating cycle; e. liquidity period
When the rate of return on total assets ratio is greater than the rate of return on common stockholders' equity ratio, the management of the company has effectively used leverage
Indicate whether the statement is true or false
When service failure is severe, the recovery efforts to mend the relationship with the customer should be:
a. delayed b. immediate c. reckless d. subdued
A company is attempting to cope with seasonal demand patterns by managing its demand. Which one of the following will NOT help achieve this aim?
A) complementary products or services B) adjusting workforce levels C) promotional campaigns D) creative pricing