The Financial Statement
The financial statement
Let's define the items found in the financial statements. The first primary financial statement i...
The balance sheet
A balance sheet is a listing of a company's valuable resources, its assets, paired with a list of...
The income statement
The income statement contains two items, revenues and expenses. Revenues minus expenses equals ne...
The statement of cash flows
The statement of cash flows or cash flow statement is the report of the amount of cash collected ...
Chapter Quiz
1. When creating a statement of cash flows, where would you put the cash used to pay employee w...