Question $2$ of $12$

Waldo is the senior accountant and preparing the financial statements for Kulas Corp. The statement that explains the change in cash from the beginning to the end of the accounting period is the

Statement of Changes in Stockholders' Equity

Balance Sheet

Statement of Cash Flows

Income Statement

Question $3$ of $12$

Sylvia is a junior accountant at Miller Company. The company just sold a piece of equipment and Sylvia is reviewing how the equipment was accounted for in the accounting records. The equipment's expected selling price at the end of its useful life is considered what

The Historical Cost

The Depreciable Cost

The Amortization Amount

The Salvage Value