Question: Answer 1. Any transaction made in cash: A) It always affects the statement of financial position and the statement of cash flows B) Increases or

Answer
1. Any transaction made in cash:
A) It always affects the statement of financial position and the statement of cash flows
B) Increases or decreases the net cash flow from operating or investing or financing activities
C) Increase or decrease cash
2. The final balance or balance of retained earnings will be greater than the initial balance or balance, when:
A) Net income is greater than that of dividends paid.
B) company has net income less than dividends
C) income is less than expenses and dividends
D) the company makes new share issues
3. indicate in which financial statement the information on the amount owed by the company's customers should be presented
4. indicate in which financial statement the sales information should be presented during the period
5. indicate in which financial statement the information of the profit on the sale of a land should be presented
6. What financial statement explains the sales information for the period

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