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7. The only financial statement that reports the assets, liabilities, and stockholders' equity at a specific date is the: (4 points) A) Income Statement B) Balance Sheet C) Cash Flow Statement D) Comprehensive Income Notes 8. If you were reviewing an Internet content company such as Twitter, which of the following metrics is least relevant? (2 points) A) Monthly Active Users (MAU) B) Average Revenue per User (ARPU) c) Advertising Revenue D) Average Selling Price (ASP) I 9. What does the income statement reflect: (4 points) A) The cash that has flowed in and out of the company over an accounting period B) Revenues minus expenses over an accounting period C) Both of the above D) None of the above 10. Which of the following equations is correct: (4 points) A) Assets = Liabilities - Equity B) Liabilities = Assets + Equity C) Equity = Assets + Liabilities D) Equity = Assets/Expenses 11. A company has $73M in assets and $24M in liabilities. What is the value of equity? (4 points) A) ($49M) B) S97M C) $49M D) Cannot be determined with information given