Question: CHAPTER 7, ASSESSMENT RUBRIC Report Date Menu Window Balance Sheet Income Statement ANALYSIS QUESTIONS Explain the interrelationship of the financial statements. Specifically, answer these questions.

CHAPTER 7, ASSESSMENT RUBRIC

Report

Date

Menu

Window

Balance Sheet

Income Statement

ANALYSIS QUESTIONS

Explain the interrelationship of the financial statements. Specifically, answer these questions.

1.How are the income statement and balance sheet related to each other?

2.Using Bellwether Garden Supply as an example, what cash accounts does the statement of cash flow report?

3.Does the statement of cash flow use information from both the balance sheet and income statement?

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