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The following table lists descriptions of the major financial statements and reports that a firm publishes. Identify the correct statement or report for each description.
The following table lists descriptions of the major financial statements and reports that a firm publishes. Identify the correct statement or report for each description.
Your choices are to place in the yellow boxes are: Annual Report, Balance Sheet, Income Statement, Statement of Cash Flows and/or Statement of Stockholder's Equity.
\begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Description: } & \multicolumn{1}{|c|}{ Statement or Report Name: } \\ \hline Givesdetailsaboutthecompanyscashatthebeginningoftheyearandwhatisleftattheendoftheyear,includingsomedetailsaboutwherecashwasgeneratedandwhereitwasusedduringthecourseoftheyear. & \\ \hline Gives information about earnings before interest, taxes, depreciation, and amortization. & \\ \hline Ispublishedonceayearandprovidesstockholderswithdetailsaboutthecompanysperformanceandfinancialcondition. & \\ \hline Explains the changes in a company's retained earnings over the accounting year. & \\ \hline Providesaquantitativesummaryofacompanysassets,liabilities,andnetworthataspecificpointintime. & \\ \hline \end{tabular}Step by Step Solution
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