Select the term that corresponds to each of the given descriptions. $($Note: There is only one possible answer for each description.$)$

Descriptions

Terms

This statement is constructed using the firm's short$-$term and long$-$term asset accounts, short$-$term and long$-$term liability accounts, and equity accounts.

Balance sheet

This type of cash inflow or outflow is generated in the normal course of a firm's business activities.

Examples include sales revenues, the making and collection of accounts payable and receivable, and $q,$ wages and taxes payable.

This value is the amount of earnings generated by the firm during an accounting period per each outstanding share of a company's common stock.

This statement describes the changes that have occurred in the equity account that reports the total value of net income earned by the firm but not paid out as dividends.

Statement of retained earnings

An asset with this characteristic may be sold or converted into cash quickly, with minimum loss of value, and with small transaction costs.