Which information is often not included in a bank statement?
the bank’s contact information
the start date and end date
the starting balance
the account owner’s Social Security number
The account owner's Social Security number is often not included in a bank statement.
What are the most common transactions that appear on a bank statement?
deposits
interest rate
transfers
A and C
A and C. The most common transactions that appear on a bank statement are deposits and transfers.
What is an income statement?
a list of all sources of income
a statement of sales over time compared to COGS at any point of time
a statement that compares assets to liabilities
a statement that compares revenues to expenses and presents the net income (or loss) from a period of time
A statement that compares revenues to expenses and presents the net income (or loss) from a period of time is known as an income statement.
Which is the best description of a balance sheet?
a statement listing retained earnings
a statement that balances assets to liabilities and equity
a list of outstanding debt compared to revenue
a comparison of revenue to SG&A and COGS
A statement that balances assets to liabilities and equity is the best description of a balance sheet.
Which option is a long-term financial goal?
saving for a new smartphone
saving for emergencies
saving for a new car
saving for retirement
Saving for retirement is a long-term financial goal.
The information that is often not included in a bank statement is the account owner's Social Security number. This omission is due to security and privacy concerns. Banks typically do not include sensitive personal information, such as Social Security numbers, on statements to protect their customers' identity and prevent unauthorized access to the information. Therefore, the account owner's Social Security number is generally not displayed on a bank statement.
To verify this, you can check your own bank statement. If you have access to online banking, you can log into your account and navigate to the section where you can view and download your statements. If you have a paper statement, you can review it to confirm that your Social Security number is not displayed. It's important to keep your bank statements secure and dispose of them properly to safeguard your personal information.