Module 3: Basic Terminology (II) – Review Questions

1.) Balance sheets report:

2.)  Which of the following is not a part of a balance sheet?

3.) The companies usually create income statements:

4.) Which of the following is not an expense category presented in income statements?

5.) Which of the following DOES the statement of retained earnings NOT include?

6.) Where do the statements of retained earnings NOT appear?

7.) Which of the following is not a component of the statement of cash flow?

8.) Which of the following statements is true?

9.) Which of the following IS NOT a component of the annual report?

10.) What does the annual report provide?