Please fill in the blanks: __________________ - Liabilities = Owner’s Equity. Please express the equation for...

Please fill in the blanks:

__________________ - Liabilities = Owner’s Equity.
Please express the equation for the Income Statement:

____________________ - ________________ = Net Income.

Please express the equation for the Statement of Retained Earnings:

BB + or - ______________________ - Dividends +or- = _____________________.

Please express the equation for the Balance Sheet:

________________________ = ____________________________ + _________________________.

What are the three types of cash flows listed in the Statement of Cash Flows?

_________________________, __________________________, _________________________.

What are the four required financial statements?

_____________________, 2. ______________________, 3. _____________________,

4. ________________________

Solutions

Expert Solution

1)	Assets - Liabilities = Owner's equity

2)	Revenues - Expenses = Net Income

3)	BB + Net Income - Dividends = EB

4)	Assets = Liabilities + Owner's Equity

5)	Operating cash flow, Investing cash flow and Financing cash flow

6)	Income Statement, Statement of Owner's Equity, Balance Sheet and Statement of Cash flow

ekkarill92 answered 1 year ago

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