Matchthedefinitionswiththeproperfinancialstatement: A The Statement of Assets, L
ID: 2432077 • Letter: M
Question
Matchthedefinitionswiththeproperfinancialstatement: A The Statement of Assets, Liabilities and Owner's Equity B The Statement of Revenues and Expenses C The Statement of Sources and Use of Owner's Equity
Income Statement Balance Sheet Statement of change in Financial Position Which two of the above statements reports data for a period of time as opposed to / specific date in time?
Matchthedefinitionswiththeproperfinancialstatement: A The Statement of Assets, Liabilities and Owner's Equity B The Statement of Revenues and Expenses C The Statement of Sources and Use of Owner's Equity
Income Statement Balance Sheet Statement of change in Financial Position Which two of the above statements reports data for a period of time as opposed to / specific date in time?
Matchthedefinitionswiththeproperfinancialstatement: A The Statement of Assets, Liabilities and Owner's Equity B The Statement of Revenues and Expenses C The Statement of Sources and Use of Owner's Equity
Income Statement Balance Sheet Statement of change in Financial Position Which two of the above statements reports data for a period of time as opposed to / specific date in time?
Explanation / Answer
Solution:
MATCHING THE DEFINITIONS:
(A):The Statement of Assets,Liabilities&Owners Equity---Balance Sheet
(B):THe Statement of Revenue&Expenses ---Income Statement
(C):Statement Of Sources&Uses Of Owners Equity --- Statement Of Changes in Financial Position
Statments reports Data for a period-period:
Both The Balance Sheet&Statement Of Changes Financial Position Reports the Financial of a Business.Financial Position Of a business based on these 2 Statements.It Wil lbe prepared by every company. public companies publish their Accounting Statements quarterly and annually.