Reading 29: Financial Statement Analysis: An Introduction statements, auto, following, specific, represents

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1.Which of the following statements represents information at a specific point in time?

A)   The income statement.

B)   The balance sheet.

C)   The statement of cash flows.

D)   The income statement and the balance sheet.

[此贴子已经被作者于2008-4-7 10:33:12编辑过]

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答案和详解如下：

1.Which of the following statements represents information at a specific point in time?

A)   The income statement.

B)   The balance sheet.

C)   The statement of cash flows.

D)   The income statement and the balance sheet.

The correct answer was B)

The balance sheet represents information at a specific point in time. The income statement represents information over a period of time. The statement of cash flows also represents information over a period of time.

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D?