Which of the following is the correct order of preparing the financial statements Quizlet

Q: What are the 4 financial statements in order?

They show you the money. They show you where a companys money came from, where it went, and where it is now. There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders equity.

The following financial information is from Shovels Construction Company:

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Which of the following is the correct order of preparing the financial statements?
What are the 4 financial statements in order?
What is the proper order for the preparation of the financial statements as shown in this chapter?

-Accounts payable: $13,100
-Buildings: 85,000
-Cash: 11,100
-Accounts receivable: 9,600
-Sales tax payable: 2,900
-Retained earnings: 47,200
-Supplies: 40,000
-Notes payable: (due in 18 months) 33,000
-Interest payable: 2,200
-Common stock: 47,300

What is the amount of current assets, assuming the accounts above reflect normal activity?

The following table contains financial information for Trumpter Inc. before closing entries:
-Cash$12,700
-Supplies 4,700
-Prepaid Rent 3,300
-Salaries Expense 5,000
-Equipment 65,500
-Service Revenue 28,600
-Miscellaneous Expenses 21,200 -Dividends 5,000
-Accounts Payable 4,700
-Common Stock 67,400
-Retained Earnings 16,700

What is the amount of Trumpter's total assets?

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Which of the following is the correct order of preparing the financial statements?

Answer and Explanation: The correct answer is a. Income statement, statement of stockholders' equity, balance sheet, statement of cash flows.

What are the 4 financial statements in order?

They show you the money. They show you where a company's money came from, where it went, and where it is now. There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity.