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E1-7 LO 1.6 Financial Statements Presented below are descriptions related to the four financial statements: Balance Sheet, Income Statement, Statement of Cash Flows, and Statement of Shareholders Equity. Description Reports the cash inflows and cash outflows from operating, investing, and financing activities for a period of time. Presents a snapshot of the resources of a firm and the claims on these resources at a point in time. Measures and reports the financial results of a firm's performance for a period of time. Provides information useful to help stakeholders evaluation a company's liquidity and leverage. Provides information about the common shareholders' claims on the company and how those claims changed during the period. Provides information about the resources the company generated and consumed to produce and sell goods and services to customers and operate the business during a period. Required Match each description with the appropriate financial statement.

Financial Statements Presented below are descriptions related to the four financial statements: Balance Sheet, Income Statement, Statement of Cash Flows, and Statement of Shareholders Equity. Description Reports the cash inflows and cash outllows from operating, investing, and financing activities for a period of time. Presents a snapshot of the resources of a firm and the claims on these resources at a point in time. Measures and reports the financial results of a firm's performance for a period of time. Provides information useful to help stakeholders evaluation a company's liquidity and leverage. Provides information about the common shareholders' claims on the company and how those claims changed during the period. Provides information about the resources the company generated and consumed to produce and sell goods and services to customers and operate the business during a period. Required Match each description with the appropriate financial statement

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