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1If an investor was interested in knowing how profitable a company had been over the...

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Accounting

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1If an investor was interested in knowing how profitable a company had been over the past year, what financial statement would they look at? Income Statement b) Statement of Retained Eamings c) Balance Sheet d) Statement of Cash Flows 22)A company approaches a bank in order to obtain a loan. The loan officer is interested in the liquidity of the company's assets and the company's ability to pay back the loan. Which financial statement is most important in making this loan decision? a) Income Statement b Statement of Retained Earnings c) Balance Sheet d) Statement of Cash Flows )A company purchased inventory by paying cash. In which of the special journals would this transaction be a) Cash receipts Cash disbursements c) Purchases d) Sales 24) A company recorded depreciation expense. In which journal would this transaction be recorded? a) Cash disbursements journal b) Purchases journal O Sales Journal d) General Journal

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