Business, 24.04.2020 17:49 sdolina5

A financial statement is a summary of all the financial transactions that have oocurred over a particular period. Financial statements indicate a frm's financial health and stability, and are key factors in management decision making. That's why stockholders, bondholders, banks, labor unions, employees, and the Internal Revenue Service are all interested in a firm's financial statements.
1. Please analyze and choose appropriate financial statement option for each of item in below.
a. Revenues
b. Long-term liabilities
c. Owner's equity
d. Insurance expense
e. Patents
f. Costs of Goods Sold
e. Income tax Sold
Options:
1. Balance Sheet 2. Income Statement
3. Statement of Cash Flow

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A financial statement is a summary of all the financial transactions that have oocurred over a parti...

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