Which financial statement measures the financial performance of an organization over a specified time period, usually a year?

A. Statement of cash flows
B. Income statement
C. Balance sheet
D. Financial ledger

Answer: B. Income statement

Business

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A & B form a partnership. A invest $35,000 and B Invests $55,000 . After 10 years the partnership is dissolved

The net income in the last year is $25,000 and both partners agree to take 10% interest on their initial capital investment and share profit and loss equally. Assume all liabilities have been paid. Instructions: Calculate the minimal ending capital balance for both partners' upon dissolution assuming there is enough cash for disbursement upon dissolution.

Business

Describe the process of automated speech recognition. What types of interpretation errors are inherent to this process?

Business