Question: Question 2.4 - Only one possible answer (1.0 point) The products are: A. An increase in capital resulting from the contribution of the shareholders in
Question 2.4 - Only one possible answer (1.0 point) The "products" are: A. An increase in capital resulting from the contribution of the shareholders in the company B. An increase in retained earnings resulting from the sale of products or provision of services C. A decrease in liabilities resulting from a debt repayment D. All of these Question 2.5 - Numerical answer ( 2.0 points) The assets, liabilities, products and expenses of ABC Company Inc. are described below: Using the above data, please answer the following questions: 1. The total amount of the expenses shown in the statement of income would be 2. The total amount of assets shown in the statement of financial position would be Question 2.6 - Only one possible answer (1.0 point) Which financial statement must an investor look at if (s)he wants to know if a company was profitable and what the profit was used for. A. Statement of financial position B. Global income statement C. Cash flow statement D. Statement of changes in equity
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