Match each accounting term with its description.

Cash Flow Statement

$$Snapshot$$ of a company$$s activities at a given point in timeShows cash from operating, investing, and financing activitiesProfits generated by an organization$$Shows revenues, expenses, and profitability over a period of time$$Assets $=$ Liabilities $+$ EquityHow quickly assets can be converted into cash

Accounting Equation

How quickly assets can be converted into cashProfits generated by an organizationShows cash from operating, investing, and financing activities$$Snapshot$$ of a company$$s activities at a given point in time$$Shows revenues, expenses, and profitability over a period of time$$Assets $=$ Liabilities $+$ Equity

Net Income

$$Shows revenues, expenses, and profitability over a period of time$$Shows cash from operating, investing, and financing activitiesHow quickly assets can be converted into cash$$Snapshot$$ of a company$$s activities at a given point in timeProfits generated by an organizationAssets $=$ Liabilities $+$ Equity

Balance Sheet

$$Snapshot$$ of a company$$s activities at a given point in timeHow quickly assets can be converted into cash$$Shows revenues, expenses, and profitability over a period of time$$Assets $=$ Liabilities $+$ EquityProfits generated by an organizationShows cash from operating, investing, and financing activities

Income Statement

How quickly assets can be converted into cashProfits generated by an organizationAssets $=$ Liabilities $+$ Equity$$Snapshot$$ of a company$$s activities at a given point in time$$Shows revenues, expenses, and profitability over a period of time$$Shows cash from operating, investing, and financing activities

Liquidity

$$Snapshot$$ of a company$$s activities at a given point in timeShows cash from operating, investing, and financing activitiesAssets $=$ Liabilities $+$ EquityHow quickly assets can be converted into cashShows revenues, expenses, and profitability over a period of timeProfits generated by an organization