Accounting 100

Which of the financial statements provides information about the companys financial position?

a.Statement of Changes in Equity

b. Statement of Cash Flows

c. Statement of Income

d. Statement of Financial Position

How is cash invested by shareholders in exchange for shares initially recorded in the accounting records?

a.as an increase in Long-Term Investments, and a decrease in Cash

b. as an increase in Common Shares, and a decrease in Cash

c.as an increase in Common Shares, and an increase in Cash

d. as an increase in Retained Earnings, and an increase in Cash