Financial Accounting

Free Version

Upgrade subject to access all content


Financial Statement Descriptions


Match the given financial statement listed below with its appropriate description.

(I) A point-in-time valuation of all permanent accounts

(II) Links the Income Statement to the Balance Sheet by reporting the change in Retained Earnings across a period from net income (loss) and dividends

(III) Reports the change in the cash balance across a given reporting period in terms of operating, investing and financing inflows and outflows

(IV) Reports net income (loss) earned by an entity across a given reporting period