Firimeial ssofements are typically propared in the tollpwing order 5. Jumin. Mhmpie chatse Elalance sheet, income atatement, statement of retained earnings.: Hafance sheet, statement of retained eamings, income statement. income statement, balance sheet, statement of retained earnings; statement of retained earnings, balance sheot, income statement. Income statement, statement of retained eamings, balance sheet Mitperechaces Uphoiding company potcins. Pretecting assets. Promoting efficient operations. - Hiwing reliable accounting Assuring that no loss will occue. Which of the following statements atiout a-company's operating cycle is not true: Muriale Chosce The operating cycle is the time span from when cash is used to acqure goods and services unsil cavh is received from the sole of goods and renices. Most operating cycles are less than one yeat The leingth of a company's operating cycle depends on its activities. Win. oxpected to come due within one year or the compary's operatind cycle. For a merchandiser seling products, the operating cycle is the time span between paying suppliers for merchandise and recelving cash from customers. If a company mistakenly forgot to record dopreciation on office equipment at the end of an accounting period, the financial stotements prepared at that time would shows Multiplo choke Assets overstated and equity underatated Assets, net income, and equity overstated. Hissots and equity both understated. Assets, net income, and equity understated. Assets overstated, net income understated, and equity overstated. Adjusting entriost Muniple Choico Affect only income statement accounts Affect cash accounts. Affect only equity accounts. Affect only balance sheet accounts. Affect both income statement and balance sheet accounts. Cash in bank account Inventory of postage stampg Noney market fund balanee. Petty cath balance NSF checks from customera returned by bank Postdated checks recefved from customers 56,955 579 Noney orders Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of