The financial statement that represents an accumulation of all of a company's transactions since it began is the

A. income statement.
B. balance sheet.
C. annual report.
D. budget.
E. statement of cash flow.

Ans: B. balance sheet.

Business

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Ingrid, Bridgit, and Manuel want to start a business selling used computers. Which of the following statements respecting their possible business name is true?

A) They can use the name "I.B.M. Used Computers" because they are using the initials of their own first names. B) They cannot use the name "I.B.M. Used Computers" because they are not incorporated. C) They can use the name "I.B.M. Used Computers" if they apply to incorporate the business. D) They can use the name "I.B.M. Used Computers" if they register the name as a partnership. E) They cannot use the name "I.B.M. Used Computers" because it would likely mislead the public.

Business

Effective data ________ is achievable only if prior thought is given to what the source document should contain

A) capture B) entry C) feedback D) analysis

Business