Question

1. If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?

statement of owners' equity
cash flow statement
balance sheet
income statement
2. What is the opportunity cost of an investment?
the combined values of the other opportunities available
the value of the next most valuable opportunity
the marginal benefit of the investment
the volatility of the investment
3. The costs of running a business are called ___________.
startup costs
cash flow
operating expenses
fixed costs

Answer 1

1. D Income statement

2. B The value of the next most valuable opportunity

3. C. Operating expenses

Step-by-step explanation:

I did the assignment

Answer 2

1. Income statement – This is a financial report that tells a business's financial presentation over a particular accounting period.
2. The value of the next most valuable opportunity - the loss of possible gain from other substitutes when one substitute is selected.
3. Operating expenses - expenditures that a business experiences to involve in any doings not straight related with the manufacture of things or services.