A Balance Sheet lists: The types and amounts of the revenues and expenses of a business....

 

Transcribed Image Text:

A Balance Sheet lists: The types and amounts of the revenues and expenses of a business. Only the information about what happened to equity during a time period. "The types and amounts of assets, liabilities, and equity of a business as of a specified date." The inflows and outflows of cash during the period. QUESTION 9 A contract Must always be in writing to be legally enforceable Is a legally enforceable agreement between two or more parties Does not require consideration from both parties (mutual consideration) Does not require acceptance that is exactly the same (mirror image) as the offer QUESTION 10 A corporation is: "legal entity that can own property, sue or be sued, and exercise First Amendment rights to free speech" Owned by shareholders but controlled by a Board of Directors "Subject to double taxation, meaning taxed on both corporate profits and dividends paid to shareholders" All of the above 0000 A Balance Sheet lists: The types and amounts of the revenues and expenses of a business. Only the information about what happened to equity during a time period. "The types and amounts of assets, liabilities, and equity of a business as of a specified date." The inflows and outflows of cash during the period. QUESTION 9 A contract Must always be in writing to be legally enforceable Is a legally enforceable agreement between two or more parties Does not require consideration from both parties (mutual consideration) Does not require acceptance that is exactly the same (mirror image) as the offer QUESTION 10 A corporation is: "legal entity that can own property, sue or be sued, and exercise First Amendment rights to free speech" Owned by shareholders but controlled by a Board of Directors "Subject to double taxation, meaning taxed on both corporate profits and dividends paid to shareholders" All of the above 0000

Answer rating: 100% (QA)

ANSWER 1 D The inflows and outflows of the cash during the period The cash flow statement records the companys cash transactions the inflows and outfl... View the full answer