Acco unting WGU
Study this set o nline at: https://www.cram.co m/flashcards/acco unting-wgu-8 8 0 3218
reports the resources of a company i ncl udi ng: assets(cash and bui l di ngs),
Bal ance Sheet does what?
obl i gati ons (l oans), and equi ty (owner’s i nvestments)sehp
I ncome Statement does what? T he best measure of sustai nabl e prof i tabi l i ty i si ncome f rom conti nui ng operati ons
provi desi nf ormati on that i s not readi l y apparent by l ooki ng at j ust the bal ance
Statement of Cash F l ows does what?
sheetand the i ncome statementn";msohp
-current assets, l ong-term assets, currentl i abi l i ti es, l ong-term l i abi l i ti es, and
Bal ance Sheet consi sts of
stockhol ders’ equi ty
, Acco unting WGU
Study this set o nline at: https://www.cram.co m/flashcards/acco unting-wgu-8 8 0 3218
I ncome Statement consi sts of revenues, expenses, gai ns, and l osses
Statement of Cash F l ows consi sts of operati ng,i nvesti ng, and f i nanci ng acti vi ti es
mul ti pl e-step i ncome statement emphaz i ses the presentati on of gross prof i t and operati ngi ncome
transacti ons rel ati ng to a company's del i veri ngor produci ng i ts goods f or sal e and
Operati ng acti vi tes
provi di ng i ts servi ces, and al l i nterest stuf f
Study this set o nline at: https://www.cram.co m/flashcards/acco unting-wgu-8 8 0 3218
reports the resources of a company i ncl udi ng: assets(cash and bui l di ngs),
Bal ance Sheet does what?
obl i gati ons (l oans), and equi ty (owner’s i nvestments)sehp
I ncome Statement does what? T he best measure of sustai nabl e prof i tabi l i ty i si ncome f rom conti nui ng operati ons
provi desi nf ormati on that i s not readi l y apparent by l ooki ng at j ust the bal ance
Statement of Cash F l ows does what?
sheetand the i ncome statementn";msohp
-current assets, l ong-term assets, currentl i abi l i ti es, l ong-term l i abi l i ti es, and
Bal ance Sheet consi sts of
stockhol ders’ equi ty
, Acco unting WGU
Study this set o nline at: https://www.cram.co m/flashcards/acco unting-wgu-8 8 0 3218
I ncome Statement consi sts of revenues, expenses, gai ns, and l osses
Statement of Cash F l ows consi sts of operati ng,i nvesti ng, and f i nanci ng acti vi ti es
mul ti pl e-step i ncome statement emphaz i ses the presentati on of gross prof i t and operati ngi ncome
transacti ons rel ati ng to a company's del i veri ngor produci ng i ts goods f or sal e and
Operati ng acti vi tes
provi di ng i ts servi ces, and al l i nterest stuf f
