EXERCISES-Chapter 1-2-3-4

The financial statement that reflects a companys

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Unformatted text preview: nstrating that business has achieved these primary objectives. The financial statement that reflects a company's profitability is the i……………..s………………… 12,The …………………………………….shows the change in owner's equity between the beginning of the period (ex: a month) and the end of that period 13,A fourth financial statement, the statement of cash flows, shows the cash inflows and………………outflows for a company over a period of time A. Inside the business entity (internal decision- maker) B. Outside the business (external decision- makers) C.Both (a) and (b) MATCH EACH OF THE FOLLOWING STATEMENTS WITH ITS PROPER TERM A. Account D. Accounting G. Financial Accounting J. Expense M. Revenue P. Statement of Cash flow B. Account Payable E. Accounting Equation H. Management Accounting K. Liabilities N. Prepaid expense Q. Statement of Owner’s Equity C. Account Receivable F. Assets I. Business transactions L. Owner’s Equity O. Balance sheet R. Income Statement 1. An informat...
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This document was uploaded on 03/26/2014.

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