Explain the relationships between the financial statements.

How does a profit or loss on the income statemen affect the balance sheet?

How does an increase in accounts receivable or inventory affect the statement of cash flows?

How does the payment of dividends affect the income statement, balance sheet, and statement of cash flows?

How does depreciation expense affect the income statement, balance sheet, and statement of cash flows?

How does the repurchase of outstanding common stock affect the balance sheet and statement of cash flows?

How does the repayment of a loan affect the balance sheet and statement of cash flows?