Question: 1) The basic financial statements prepared for external users include all of the following except: Balance sheet Income statement Revenue statement Statement of cash flows

1) The basic financial statements prepared for external users include all of the following except: Balance sheet Income statement Revenue statement Statement of cash flows 2) The collection of an accounts receivable from a customer would: Increase liabilities Decrease liabilities Not effect liabilities Decrease stockholders equity 3) The Depreciation Method that will typically depreciate an asset at a rate consistent with usage level is: Straight-line Sum-of-Years Digits Double Declining Units-of-Production 4) Money received by a company that is associated with it's operations or activities is called: Equity Assets Revenue Dividends

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