Reference no: EM132998823

Problem 1: Which of these items is most likely to appear on a balance sheet?

Group of answer choices

Option 1: Operating Profit

Option 2: Earnings per Share

Option 3: Cost of Goods Sold

Option 4: Accounts Payable

Problem 2: Another name for the income statement is .

Group of answer choices

Option 1: profit and loss (P&L) statement

Option 2: cash flow statement

Option 3: balance sheet

Option 4: statement of assets

Problem 3: A balance sheet is a statement of a company's .

Group of answer choices

Option 1: net worth

Option 2: earnings

Option 3: cash flow

Option 4: owner's equity over a period of time (quarterly or annual)