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Summary accounting Question 16 2.5 Points Which would be the first action to occur in a hospitality business's transaction recording and analysis process? Financial analysis B Basic bookkeeping C Guest purchase D Summary accounting Question 17 2.5 Points Sam Mehdi has received financial statements for this year through June 30th. His year-to-date total liabilities are $732,000. His stocks are shown as $400,000 and his retained earnings are $106.000. Year-to-date revenues are $732,498 and year-to-date expenses are $518.207. What is the Net Profit? A $1.320,705 B 84,291 C $1.102,498 D $ 214, 291 Question 18 2.5 Points What are the three primary financial statements? C e SAMSUNGItra/calendar/assessment/_3131492_1/overview/attempt/_9154108_1?courseld=_45359_1 What are the three primary financial statements? A Cash Flow, Balance Sheet, P&L Assets, Liabilities, Owner's Equity C Investing, Operating and Financing Activities (D Revenue, Expenses, Net Profit/Loss Question 19 2.5 Points What transactions are found on the Cash Flow Statement? A Revenue, Expenses, Net Profit/Loss B nvesting, Operating and Financing Activities C Assets, Liabilities, Owner's Equity D Assets, Notes Payable, Labor Cost Question 20 2.5 Points What transactions are found on the Income Statement? A Assets, Notes Payable, Labor Cost B Investing, Operating and Financing Activities C Revenue, Expenses, Net Profit/Loss D Assets, Liabilities, Owner's Equity SAMSUNG