Choose the appropriate letter to match the terms to the blanks below to complete the relevant equation for each financial statement.FINANCIAL STATEMENT EQUATIONBalance Sheet_____=_____+_____??????????????Income Statement_____=_____-_____??????????????Statement of Retained Earnings_____=_____+_____-_____????????????Statement of Cash Flows_____=_____+_____+_____+_____TERMA. Cash at beginning of yearB. Net cash flow from operating activitiesC. Balance of retained earnings from previous yearD. Net cash flow from investing activitiesE. LiabilitiesF. Net cash flow from financing activitiesG. Balance of retained earnings at end of year H. Net income I. RevenueJ. AssetsK. Stockholders' equityL. ExpensesM. Cash at
end of yearN. Dividends paid
What will be an ideal response?
Balance Sheet: J = E + K, Income Statement: H = I - L, Statement of Retained Earnings: G = C + H - N, Statement of Cash Flows: M = B + D + F + A
You might also like to view...
Specific implementations of delimited text are called TSV. What does TSV stands for?
a. toxicity screening value b. time segmented volume c. tab separated values d. tactical secure voice
What is the KISS rule?
What will be an ideal response?
The purpose of an audit is to
A) determine whether or not a company is a good investment. B) comply with income tax regulations. C) determine whether or not a company is a good credit risk. D) ascertain that the financial statements follow GAAP.
Human resources management is especially concerned with ______ penetrating company computer systems that have sensitive employee information on them.
A. outsiders B. internals C. Type As D. loafers