1-The financial position of the business on a given date is reported on which of the following?

Group of answer choices

Income statement

Balance sheet

Retained earnings statement

Statement of cash flows

None of the above

2-

The net profit or loss for a specific period of time is reported on which of the following?

Group of answer choices

Income statement

Balance sheet

Statement of cash flows

Trial balance

None of the above

3-

Which of the following items are not found in a journal entry?

Group of answer choices

Date of the transaction

Dollar amount of each debit and credit

Explanation of each transaction

Cumulative balance of each account affected by the entry

Titles of affected accounts

4-

The Statement of Retained Earnings:

Group of answer choices

Reports information about how retained earnings changed over a period of time

Reports all sources of cash received and paid over a period of time

Reports the financial position of a business at a given point in time

All of the above