1. Information of the financial performance is provided by _______ . a. Statement of profit and loss b. Statement of changes in owners c. Statement of financial position d. Cash flow statement
1. Information of the financial performance is provided by _______ . a. Statement of profit and loss b. Statement of changes in owners c. Statement of financial position d. Cash flow statement
1. Information of the financial performance is provided by _______ . a. Statement of profit and loss b. Statement of changes in owners c. Statement of financial position d. Cash flow statement
1. Information of the financial performance is provided by _______ .
a. Statement of profit and loss
b. Statement of changes in owners
c. Statement of financial position
d. Cash flow statement
2. The following are terms used synonymously with equity except
a. Capital
b. Net Assets
c. Net worth
d. Revenue
3. Information about the revenue and expenses is provided by _____.
a. Statement of changes in equity
b. Statement of Cash Flow
c. Statement of Financial position
d. Statement of performance
4. Information on changes in Assets, Liabilities and Owners Equity account
a. Statement of changes in equity
b. Statement of Cash Flow
c. Statement of Financial position
d. Statement of performance
Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item
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