Author Question: Match each of the following with the appropriate definitions. a. Statement of cash flows b. ... (Read 65 times)

dollx · **on:** Jul 5, 2018

Match each of the following with the appropriate definitions.

a. Statement of cash flows
b. Balance sheet
c. Income statement
d. Statement of changes in shareholders' equity

_____ 1. A financial statement that presents assets, liabilities, and shareholders' equity.
_____ 2. A financial statement that presents revenues minus expenses to show either a profit or loss.
_____ 3. A financial statement that presents the changes in shareholder's equity for an accounting period.
_____ 4. A financial statement that presents all the cash collected and all the cash disbursed during an accounting period.
_____ 5. A financial statement that reports the financial position of the company at a point in time.

Question 2

Forced vacations is a policy of requiring an employee to take leave from the job and substitute another employee in his or her place.
Indicate whether the statement is true or false