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Which part of accounting cycle provides information to help

Assignment Help Financial Accounting
Reference no: EM133007189

Problem 1: Which of the following types of information is not found in financial statements?

a. Profits

b. Revenue

c. Selling prices

d. Assets

Problem 2: Accounting data flow from the

a. Balance sheet to the income statement

b. Income statement to the statement of owner's equity

c. Statement of owner's equity to the balance sheet

d. Both b and c are correct

Problem 3: Consider the steps in the accounting cycle. Which part of the accounting cycle provides information to help a business decide whether to expand its operations?

a. Post-Closing Trial Balance

b. Adjusting Entries

c. Closing Entries

d. Financial Statements

Reference no: EM133007189

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