Choose the appropriate letter to match the terms to the blan…
Choose the appropriate letter to match the terms to the blanks below to complete the relevant equation for each financial statement. FINANCIAL STATEMENT EQUATION Balance Sheet ________ = ________ + ________ Income Statement ________ = ________ − ________ Statement of Retained Earnings ________ = ________ + ________ − ________ Statement of Cash Flows ________ = ________ + ________ + ________ + ________ TERM Cash at beginning of year Net cash flow from operating activities Balance of retained earnings from previous year Net cash flow from investing activities Liabilities Net cash flow from financing activities Balance of retained earnings at end of year Net income Revenue Assets Stockholders’ equity Expenses Cash at end of year Dividends paid
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