financial management ch.7

what is a balance sheet?

shows the firms assets and the claims against those assets.
what is an income statement?

summarizes the firms revenues and expenses over a period of time
what is statement of retained earnings?

reports changes in the equity accounts b/w balance sheet dates.
what is net cash flow?

sum of net incomeplus non cash adjustments
what is the statement of cash flows?

summarizes the changes in a company's cash position.

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financial management ch.7

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financial management ch.7

Updated

2010-10-17T03:38:23Z

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