Thursday, December 15, 2011

Financial statements report financial data for either a period of time or for a particular date.which one ?

a ) the balance sheet


b) the cash flow statement


c) the income statement





find me which one of followiong financial statements reports finiacial information for a particular date.|||A balance sheet shows Assets and Liabilities as of a specific date (Assets+Owners Equity=Liabilities)





A cash flow statement shows money going into and coming out of a company over a period of time.





An income statement shows profit or loss over a period of time.

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