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 ?
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