题目
BUS-10-38944 Homework: Understanding Financial Statements & Ratios
多重下拉选择题
The best way to describe and define the three primary financial statements is as follows: A Balance Sheet illustrates What a company OWNS & OWES at any moment in time. . An Income Statement Illustrates [ Select ] What a company OWNS & OWES at any moment in time. What are the companies PROFITS or LOSES over a period of time. A summary of the MONEY flowing into and out of a company. What are the companies PROFITS or LOSES at any given moment. What a company OWNS & OWES over a period of time. A Statement of Cash Flows illustrates [ Select ] What are the companies PROFITS or LOSES at any given moment. What a company OWNS & OWES at any moment in time. What a company OWNS & OWES over a period of time. What are the companies PROFITS or LOSES at any given moment. A summary of the MONEY flowing into and out of a company.
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思路分析
The prompt asks us to align each financial statement with its proper description. Here we go through the three parts one by one to clarify what each statement is intended to show.
Balance Sheet: The item you selected for Balance Sheet is 'What a company OWNS & OWES at any moment in time.' This is correct because the balance sheet provides a snapshot of a company’s assets (what it owns) and liabilities/equity (what it owes) at a specific point in time. It does not measure profits, nor does it depict cash flows, so ot......Login to view full explanation登录即可查看完整答案
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