Question

The formula Income - Expenses = Money available to increase personal equity or net worth by saving or inve ting represents th
A corporate annual report is required for all companies whether they are privately owned or traded publicly. True False 25nte
An important aspect of the corporate annual report is the Message to Shareholders. This message typically includes informatio
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Answer #1

A) Income after excluding expenses will be net profit generated in a particular year which will be added to company's balance sheet.

Answer: personal balance sheet

B) Annual report is mandatory for publicly traded companies since it is traded with public money so it contains information to shareholders about the performance.so it is clear annual report is not mandatory for all companies.

Answer : False

C) comp unit growth means the extra no.of units that are sold over a period of time compared to units sold in a comparable past period of time.

Answer : A comparison of performance for the Company's existing restaurants,hotels or stores to their performance in previous years.

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