Financial Accounting

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Financial Statement Formulas


Below is a list of the four primary financial statements. From the pulldown, choose the formula that defines each financial​ statement.

(I) Assets = Liabilities + Owners' Equity

(II) Revenues - Expenses = Net Income

(III) Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings

(IV) Cash from Operating Activities + Cash from Investing Activities + Cash from Financing Activities + Beginning Cash = Ending Cash