Statement of cash flows

Question 1

Statement of cash flows

Answer 1

Measure how cash changed from the beginning to the end of the period and how cash changed; cash inflows and outflows from OPERATING, FINANCING, and INVESTING activities

Question 2

statement of retained earnings

Answer 2

a financial statement that links the income statement and the balance sheet together and identifies the changes in accumulated investments by owners and earnings or profits since day one.

Question 3

statement of stockholders’ equity

Answer 3

a more detailed statement and includes changes in capital stock as well as changes in retained earnings

Question 4

Cost of goods manufactured statement

Answer 4

a schedule supporting the income statement that summarizes the total cost of goods manufactured and transferred out of the work-in-process inventory account during a period; includes direct materials, direct labor, and manufacturing overhead