Pick up the correct statement regarding financial statement analysis from the following.
A. Final analysis always involves the use of various financial statements i.e., balance sheet and income statement
B. The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
C. The income statement is the summary of revenues and expenses of a firm over a particular period of time
D. All the above
Answer: Option D
Related Questions on Engineering Economics
The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year
B. Money is borrowed for n = 7 years
C. Both (A) and (B)
D. Neither (A) nor (B)
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20
A. Architect/engineer
B. Construction manager
C. Owner himself/herself
D. Construction manager
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