Homework Answers
a) Revenue - income statement/ statement of cash flows
b) Common stock - Balance sheet
c) Current liabilities - Balance sheet
d) Long term debts - Balance sheet
e) Dividends - statement of cash flows/In statement of retained earnings reported as a reduction in retained earnings
f) Ending cash balance - statement of cash flows/Balance sheet
g) Adjustment to reconcile net income to net cash provided by operations - statement of cash flows
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Homework: 1-2 Score: 0 of 1 pt S1-2 (book/static) HW Score a. Reports are usualy prepared quarterly and annualy b. Information is veriied by external auditors c. Focus is on the past d. Main characteristic of information is that t must be relevant
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