What are the four basic financial statements used in accounting? Balance Sheet, Income Statement, Cash Flow Statement, Profit Statement Balance Sheet, Cash Flow Statement, Profit Statement, Equity Statement Income Statement, Cash Flow Statement, Profit and Loss Statement, Equity Statement Balance Sheet, Income Statement, Statement of Stockholders' Equity, Statement of Cash Flows

Balance Sheet, Income Statement, Statement of Stockholders' Equity, Statement of Cash Flows

What are the primary components of the Balance Sheet, sometimes called the statement of financial position? Revenues, Expenses, and Net Income Cash Inflows, Cash Outflows, and Net Cash Assets, Liabilities, and Equity Operating Activities, Investing Activities, and Financing Activities

Assets, Liabilities, and Equity

Revenues, Expenses, and Net Income

Operating Activities, Investing Activities, and Financing Activities

Cash Flows from Operating Activities

Cash Flows from Investing Activities

Cash Flows from Financing Activities

Components of shareholder's equity and changes in retained earnings over a period

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Finance - Personal Finance

michael1tekrzp Created by 10 mon ago

Cards in this deck(8)

What are the four basic financial statements used in accounting?

What are the primary components of the Balance Sheet, sometimes called the statement of financial position?

What are the primary components of the Income Statement, also known as the Profit and Loss Statement?

What are the primary components of the Statement of Cash Flows?

Which type of cash flow activity involves transactions that determine net income and revenue generation?

Which type of cash flow activity affects long-term assets, such as the purchase of long-term assets?

Which type of cash flow activity involves transactions and events that influence long-term liabilities and owner's equity?

What are the primary components of the Statement of Shareholder's Equity, also called the Statement of Retained Earnings?

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