6.Debt securities sold to investors and due to be repaid at a particular date some years in the future are called:

a.bonds payable.

b.accounts payable.

c.wages payable.

d.notes payable.

7.The term used to describe the total assets that Starbucks receives in exchange for its coffee is:

a.cash.

b.revenue.

c.inventory.

d.accounts receivable.

8.The financial statement which presents a picture on a particular date of what a business owns and owes is a(n):

a.income statement.

b.retained earnings statement.

c.balance sheet.

d.statement of cash flows.

9.Net income shown on the income statement is added to the beginning balance of retained earnings in the:

a.income statement.

b.retained earnings statement.

c.balance sheet.

d.statement of cash flows.

0.To report the success or failure of the company's operations during the period is the purpose of the:

a.income statement.

b.retained earnings statement.

c.balance sheet.

d.statement of cash flows.