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Q:

Financial statements are prepared in the following order.

A) Income statement - Balance sheet - Statement of retained earnings B) Income statement - Statement of retained earnings - Balance sheet
C) Balance sheet - Statement of retained earnings - Income statement D) Statement of retained earnings - Balance sheet - Income statement
 
Answer & Explanation Answer: B) Income statement - Statement of retained earnings - Balance sheet

Explanation:

The financial statements should be prepared in the following order:


Income statement - Statement of retained earnings - Balance sheet

 

1. Income statement reports revenues and expenses and calculates net income or net loss for the time period.

2. Statement of retained earnings show how retained earnings changed during the period due to net income or net loss and dividends.

3. Balance sheet reports assets, liabilities, and stockholders’ equity as of the last day of the period.

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Filed Under: Accounts Payable
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Q:

What is the value of 4 in 475?

A) 4 B) 400
C) 475 D) 40
 
Answer & Explanation Answer: B) 400

Explanation:

The value of 4 in 475 means the place value of 4 in 475 and not its face value. Face value means the digit itself though it is at any place in the given number. But place value means the value of digit in its place in the given number.

 

Here the place value of 4 in 475 can be determined by as 4 is in 100's place in 475.

Hence, the place value of 4 in 475 is 4x100 = 400.

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Filed Under: Numbers
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Q:

The gift of Nile river is

A) Africa B) Japan
C) Egypt D) Korea
 
Answer & Explanation Answer: C) Egypt

Explanation:

Egypt is called as the gift of the Nile river. It is called so because the nile river served as means for transport, help in irrigation for farming, made soil fertile for growing crops. It made the Egyptian civilization possible. 

 

the_gift_nile_river1559651606.jpg image

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Filed Under: General Awareness
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Q:

As an infant, the ability to produce antibodies is

A) about 80% of that of an adult B) nonexistent
C) limited D) the same as an adult
 
Answer & Explanation Answer: C) limited

Explanation:

As an infant, the ability to produce antibodies is limited.

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Filed Under: Biology
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Q:

The act of violating the sanctity of the church is called Sacrilege.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:

The act of violating or misuse of what is regarded as sacred i.e, like the sanctity of the church is called Sacrilege.

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Subject: English
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Q:

Which program requires concurrent enrollment?

A) Advanced Placement B) Articulated Credit
C) International Baccalaureate D) Dual Credit
 
Answer & Explanation Answer: D) Dual Credit

Explanation:
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Filed Under: General Awareness
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Q:

Of outstanding significance

A) Ominous B) Monumental
C) Evident D) Rational
 
Answer & Explanation Answer: B) Monumental

Explanation:

The one word substitution for Of outstanding significance is monumental which has a meaning of great in importance, in size or any such characteristic.

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Filed Under: English
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Q:

Who has become the 1st-ever spinner to bowl the 1st over in a World Cup?

A) Moeen ALi B) Imran Tahir
C) Yuzvendra Chahal D) Rashid Khan
 
Answer & Explanation Answer: B) Imran Tahir

Explanation:

The South African leg-spinner has become the 1st-ever spinner to bowl the 1st over in a World Cup. It took place in the World Cup 2019 against England team at Oval in London where he bowled Bairstow for a DUCK.

the_1st-ever_spinner_to_bowl_the_1st_over_in_a_World_Cup1559630636.jpg image

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Filed Under: Sports
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