BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Statement #2: The balance sheet It’s called a balance sheet because both sides of the equation must balance: assets equal liabilities plus stockholders’ equity. The balance sheet displays: The portion of those assets financed with debt (liability) The portion of equity (retained earnings and stock shares)

Detailed explanation-2: -The cost of goods sold (GOGS) is the sum of all direct cost associated with making a product. It appears on an income statement and typically includes money spent on raw materials and labour. It does not include coss associated with marketing, sales or distribution.

Detailed explanation-3: -The income statement provides an overview of the financial performance of the company over a given period. It includes assets, liabilities and shareholder’s equity, further categorized to provide accurate information. It includes revenues, expenses, and gains and losses realized from the sale or disposal of assets.

Detailed explanation-4: -Answer and Explanation: The correct option is C. It identifies an organization’s operating effectiveness and net income. The income statement is used by the analysts to determine whether the business entity is operating efficiently or not.