accounting 251

anual report

Management discussion and analysis and note disclosures to the financial statements are included in the _______ _______

net income of 5,000.

Pizza Aroma generated $11,000 in revenues and had expenses of $6,000. Pizza Aroma's net income or loss is:

Stockholders' Equity

The accounting equation is: Assets = Liabilities +

retained earnings

The accumulated net income earned since the inception of the corporation and not yet paid to shareholders is referred to as_______ ________?

statement of cash flows.

The financial statement that provides information about cash receipts and cash disbursements for the period is the

The accounting period covered by the statement The title of the financial statement The name of the business

The heading of an income statement should include which of the following? (Select all that apply.)

cash receipts and cash disbursements during a period.

The purpose of a statement of cash flows is to provide information about the

notes disclosures. management discussion and analysis.

Two other types of information in addition to the financial statements that must be reported in the annual reports include

Dividends Net income Beginning balance of retained earnings

Which of the following appear on the statement of stockholders' equity? (Select all that apply.)

Accounts receivable Utilities payable Common stock

Which of the following appear(s) on the balance sheet?

Utilities payable Accounts receivable Common stock

Which of the following appear(s) on the balance sheet?

Balance Sheet

Which of the following financial statements shows a firm's financial position on a particular date?

Retained earnings

Which of the following represents the net income earned by a corporation and not yet paid to shareholders?

Notes payable Accounts receivable Equipment

Which of these would be found on a company's balance sheet? (Select all that apply.)