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BIWS 400 Questions - All Technicals Questions and Answers | Latest Version | 2025/2026 | Correct & Verified
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Questions and Answers | Latest 
Version | 2025/2026 | Correct & Verified 
 
What are the three main financial statements? 
 Income Statement, Balance Sheet, and Cash Flow Statement 
 
What does the Income Statement measure? 
 A company’s profitability over a period of time 
 
What does the Balance Sheet show? 
 A company’s financial position at a specific point in time 
 
What does the Cash Flow Statement track? 
 Cash inflows and outflows over a period 
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Walk me through the 3 financial statements - Answers The 3 major financial statements are Income Statement, Balance Sheet and Cash Flow Statement. 
The Income Statement gives the company's revenue and expenses, and goes down to Net Income, the final line on the statement. 
The Balance Sheet shows the company's Assets--its resource--such as Cash, Inventory, and PP&E, as well as its Liabilities--such as Debt and Accounts Payable--and Shar...
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