<span>The answer is : Brute Force Method</span>
A financial statements are helpful to the business owner, employees, and investors because:
- It helps to financial plan
- It helps to make decisions
- It helps to adhere to regulations etc
<h3>What are financial statements?</h3>
This refers to those written records that convey the business activities and the financial performance of a company.
Some examples of financial statements in every standard companies includes Income statement, Cash flow statement, Balance sheet, Note to Financial Statements, Statement of change in equity etc.
In conclusion, majority of firm's financial statement are audited by government agencies, accountants, firms to ensure accuracy, tax purpose, financing, investing purposes etc.
Read more about financial statements
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Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Explanation:
Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.
The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Therefore, the correct option is C.
Answer:
The trader should orders to buy ABC stock or take a long position to the stock.
Explanation:
The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.