Podcast
Questions and Answers
Finance for E&BI Financial Statements and Cash Flows ______
Finance for E&BI Financial Statements and Cash Flows ______
Fatemeh Hosseini
Relevant Chapter Principles of Finance: ______ 5
Relevant Chapter Principles of Finance: ______ 5
Chapter
Types of Financial Statements – ______ Sheet – Income Statement – Statement of Cash Flows
Types of Financial Statements – ______ Sheet – Income Statement – Statement of Cash Flows
Balance
The Balance Sheet Identity: Assets = Liabilities + ______’ Equity
The Balance Sheet Identity: Assets = Liabilities + ______’ Equity
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Balance Sheet Assets – What the company ______
Balance Sheet Assets – What the company ______
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Which of the following is NOT a type of financial statement?
Which of the following is NOT a type of financial statement?
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What is the purpose of the balance sheet?
What is the purpose of the balance sheet?
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What does the equation Assets = Liabilities + Stockholders' Equity represent?
What does the equation Assets = Liabilities + Stockholders' Equity represent?
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What is included in the stockholders' equity section of the balance sheet?
What is included in the stockholders' equity section of the balance sheet?
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What does the income statement show?
What does the income statement show?
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Study Notes
Financial Statements and Cash Flows
- Five principles of finance are relevant to financial statements and cash flows.
Types of Financial Statements
- Three primary types of financial statements:
- Balance Sheet
- Income Statement
- Statement of Cash Flows
The Balance Sheet Identity
- The Balance Sheet Identity: Assets = Liabilities + Stockholders' Equity.
Balance Sheet Assets
- Assets represent what the company owns.
Which of the following is NOT a type of financial statement?
- The answer would be one of the financial statements listed above, so it would not be a Balance Sheet, Income Statement, or Statement of Cash Flows.
What is the purpose of the balance sheet?
- The purpose of the balance sheet is to show a company's financial position at a specific point in time.
What does the equation Assets = Liabilities + Stockholders' Equity represent?
- The equation represents the fundamental accounting equation, which states that a company's assets are financed by either debt (liabilities) or equity.
What is included in the stockholders' equity section of the balance sheet?
- The stockholders' equity section includes the share capital and retained earnings of the company.
What does the income statement show?
- The income statement shows a company's revenues and expenses over a specific period of time.
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Description
Test your knowledge of financial statements and cash flows with this quiz. Topics covered include the balance sheet, income statement, statement of cash flow, and cash flow from a project. Perfect for students studying finance or professionals looking to brush up on their skills.
