Study guides, Class notes & Summaries

Question 1 2 out of 2 points The statement of cash flow: A) compares costs and expenses against a firm's sales. B) is built on the basic accounting equation: Assets = Liabilities Capital. C) shows what assets the business owns and what claims creditors and owners have against those assets. D) shows changes in working capital by listing sources and uses of funds. Question 2 2 out of 2 points A pro forma financial statement means: A) looking at the current financial statement. B) looking at the ...