For each of the following, identify if each statement applies to the balance sheet (B), income statement (I), or neither (N)
A. Flow statement [A]
B. Shows the cash flows of a business [B]
C. Shows the net worth of the firm [C]
D. Shows the market value of the firm [D]
E. Snapshot statement [E]
F. Shows what is owned and owed by the firm [F]
G. Shows the profitability of a firm over a period of time [G]
H. Shows the addition to equity this year [H]
I. Shows the total equity of a firm [I]
Question | Ans |
A. Flow statement [A] | N |
B. Shows the cash flows of a business [B] | N |
C. Shows the net worth of the firm [C] | B |
D. Shows the market value of the firm [D] | N |
E. Snapshot statement [E] | N |
F. Shows what is owned and owed by the firm [F] | B |
G. Shows the profitability of a firm over a period of time [G] | I |
H. Shows the addition to equity this year [H] | B |
I. Shows the total equity of a firm [I] | B |
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