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ACC 290 Final Exam-Latest Update
Exam (elaborations) • 8
pages
• 2020
1) Which financial statement is used to determine cash generated from operations?

A. Income statement

B. Statement of operations

C. Statement of cash flows

D. Retained earnings statement

 

2) In terms of sequence, in what order must the four basic financial statements be prepared?

A. Balance sheet, income statement, statement of cash flows, and capital statement

B. Income statement, capital statement, statement of cash flows, and balance sheet

C. Balance sheet, capital statement, statem...
ACC 290 Final Exam-Latest Update
Last document update:
ago
1) Which financial statement is used to determine cash generated from operations?

A. Income statement

B. Statement of operations

C. Statement of cash flows

D. Retained earnings statement

 

2) In terms of sequence, in what order must the four basic financial statements be prepared?

A. Balance sheet, income statement, statement of cash flows, and capital statement

B. Income statement, capital statement, statement of cash flows, and balance sheet

C. Balance sheet, capital statement, statem...
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