Which of these appears on both the income statement and the statement of retained earnings?
A. Expenses
B. Revenues
C. Cash
D. Net income
Answer: D
You might also like to view...
Identify the typical steps in an FTC investigation sequence from the initial complaint to a decision that is appealed to the Supreme Court
What will be an ideal response?
Which type of listening is best when you need to form an opinion or make an important decision?
a. comprehensive listening b. empathic listening c. argumentative listening d. critical listening
Owing to his impulsive buying habits,Ronnie's unpaid credit card balances pile up to $9,000. As Ronnie does not have enough money to clear his bills, he is in a deep financial crisis. In this scenario, the first step that Ronnie should take is to:
A. stop using the card so that he does not worsen the situation. B. consistently pay a substantial amount of the balance each month toward retiring the debt on his card. C. borrow money from banks and other lenders to make the credit card payments. D. approach the issuer of the credit card to increase the credit limit for future transactions.
Zero-balance accounts are checking accounts in which a zero balance is maintained and the bank automatically covers all checks presented against the accounts
Indicate whether the statement is true or false