Question: Please fill in the blanks: __________________ - Liabilities = Owners Equity. Please express the equation for the Income Statement: ____________________ - ________________ = Net Income.

Please fill in the blanks:

  1. __________________ - Liabilities = Owners Equity.
  2. Please express the equation for the Income Statement:

____________________ - ________________ = Net Income.

  1. Please express the equation for the Statement of Retained Earnings:

BB + or - ______________________ - Dividends +or- = _____________________.

  1. Please express the equation for the Balance Sheet:

________________________ = ____________________________ + _________________________.

  1. What are the three types of cash flows listed in the Statement of Cash Flows?

_________________________, __________________________, _________________________.

  1. What are the four required financial statements?
  1. _____________________, 2. ______________________, 3. _____________________,

4. ________________________

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