List the four financial statements. Explain the connection between these four statements


1. Balance Sheet
2. Income Statement
3. Statement of Retained Earnings
4. Statement of Cash Flows

Net income on the income statement increases retained earnings on the statement of retained earnings. The balance in the statement of retained earnings goes to the balance sheet. The ending balance for cash on the statement of cash flows is also shown on the balance sheet.

Business

You might also like to view...

Hackers can disguise their message packets to look as if they came from an authorized user and gain access to the host's network using a technique called

a. spoofing. b. spooling. c. dual-homed. d. screening.

Business

Which of the following statements reflects a reason for business principals to invest in stock?

A. Investors see their stock ownership as a long-term investment for personal retirement and security. B. Investors see their stock ownership as an investment in a company and its technology. C. Investors are playing the stock for short-term gain. D. All of the answers are correct. E. None of the answers are correct.

Business

The author presents the need for a productive interdependency among project team members. What are the tradeoffs between differentiation and redundancy and how are these related to a productive interdependency?

What will be an ideal response?

Business

Given three statistically independent events (A,B,C), the joint probability of P(ABC) = P(

A) × P(B) × P(C).

Business