Unformatted text preview: • Also includes gains and losses Statement of Retained Earnings • Shows increases and decreases to retained earnings • Increase: net income • Decrease: dividends Balance Sheet • Measures financial position • Reports assets, liabilities and shareholders’ equity • Assets and liabilities are categorized Current and Long-term Balance Sheet Categories • Current assets Converted to cash or used within one year Cash, Short-term Investments, Accounts Receivable, Inventory • Long-term Property, plant, and equipment Intangible assets Investments Other...
View
Full Document
- Spring '11
- Na
- Financial Accounting, Balance Sheet, Dividends, Income Statement, Revenue, Net Income, Generally Accepted Accounting Principles
-
Click to edit the document details