Question

the two financial statements most used by businesses are *
○ income statement and balance sheet
○ accounts receivable and accounts payable records
○ cash flow and capital assets records
○ tax and personnel records
2 points
an agency of the federal government that provides information, advice, and assistance in obtaining credit and other financial support for small businesses is the
○ fcc
○ fda
○ eeoc
○ sba
2 points

Explanation:

First Question (The two financial statements...):

The two main financial statements used by businesses are the income statement (shows revenue, expenses, profit/loss) and balance sheet (shows assets, liabilities, equity). The other options are specific record types or not the main two statements.

The Small Business Administration (SBA) provides support to small businesses. FCC (Federal Communications Commission) regulates communications, FDA (Food and Drug Administration) regulates food/drugs, EEOC (Equal Employment Opportunity Commission) handles employment discrimination. So SBA is correct.

Answer:

income statement and balance sheet

Second Question (An agency of the federal government...):