Statement 1: ABC Company This statement summarizes the which item from this financial statement appears on the next financial statement? This statement shows how profitable a company is, it is sometimes referred to as the profit and loss (P&L) statement, Statement 2: ABC Company This statement summarizes the Which item from this financial statement appears on the next financial statement? This statement shows how much, if any, of the net income is distributed to the owners. It is sometimes expanded to show changes to all equity items Statement 3: ABC Company This statement summarizes the Which item from this financial statement appears on the next financial statement? This statement reflects the accounting equation. It is sometimes referred to as the statement of financial position. Statement 4: ABC Company This statement summarizes the This statement is created using information from two other financial statements. Therefore, it is created last