Answered: If you want to create a financial…

If you want to create a financial report that shows owner's equity, which statement will you create? Select an answer: a statement of cash flows a profit and loss report a balance sheet

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 16MC: Which financial statement shows the financial position of the company? A. balance sheet B. statement...

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Question

If you want to create a financial report that shows owner's equity, which statement will you create?

Select an answer:

a statement of cash flows
a profit and loss report
a balance sheet

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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