11 which of the following financial statements reports expenses in decreasing order 4311652

11) Which of the following financial statements reports expenses in decreasing order of their amount, with the largest expense first?

A) Statement of cash flows

B) Income statement

C) Statement of retained earnings

D) Balance sheet

12) Which of the following financial statements uses net income or net loss taken directly from the income statement?

A) Statement of retained earnings

B) Statement of cash flow

C) Balance sheet

D) Statement of dividends paid

13) Which of the following financial statements reports that total assets equals total liabilities plus total stockholders' equity?

A) Statement of retained earnings

B) Statement of cash flows

C) Income statement.

D) Balance sheet

14) Which of the following financial statements reports cash receipts and cash payments during a period of time?

A) Statement of cash flows

B) Balance sheet

C) Income statement

D) Statement of retained earnings

15) Which of the following financial statements reports an increase or decrease in net cash during the time period covered?

A) Income statement

B) Statement of retained earnings

C) Statement of cash flows

D) Balance sheet

16) The financial statements should be prepared in what order?

A) Income statement, statement of retained earnings, balance sheet, statement of cash flows

B) Statement of retained earnings, balance sheet, income statement, statement of cash flows

C) Balance sheet, statement of retained earnings, income statement, statement of cash flows

D) Balance sheet, income statement, statement of retained earnings, statement of cash flows

17) Which of the following amounts appear on both the income statement and the statement of retained earnings?

A) Ending retained earnings

B) Total revenues

C) Net income

D) Dividends paid

18) Which of the following amounts appears on both the statement of retained earnings and the balance sheet?

A) Ending retained earnings

B) Total assets

C) Total revenues

D) Net income

19) Which of the following amounts appears on both the income statement and the balance sheet?

A) Total assets

B) Net income

C) Ending retained earnings

D) None of the above amounts appear on both

20) Which of the following financial statements shows the changes in retained earnings during a period of time?

A) Income statement

B) Statement of retained earnings

C) Statement of cash flows

D) Balance sheet

21) Which of the following financial statements lists the entity's assets, liabilities, and stockholders' equity as of a specific date?

A) Balance sheet

B) Statement of retained earnings

C) Income statement

D) Statement of cash flows

22) On the financial statements, which line item connects the balance sheet to the statement of cash flows?

A) Retained earnings (ending balance)

B) Net income

C) Total assets

D) Cash (ending balance)

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