Need help matching the following words and definitions: 1. Liquidity 2. Statemen

Question

Need help matching the following words and definitions:

1. Liquidity

2. Statement of cash flow

3. Annual Report

4. EPA

5. Statement of Retained Earnings

6.Common size Financial Statements

7. Income Statement

8. Operating Cash Flow

9. Balance Sheet

10. Striaght Line Depreciation

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

B. This statment is also called a profit and loss statement since it reports whether the business earned a profit or loss during the period.

C. The income statement reports this value which is calcuated by dividing the firm's earnings avaialble to common shares outstanding. Many peope consider this to be one of the most important number in this statement.

D. This statement can be created using either of two methods: the direct or indirect method.

E. 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.

F. The type of cash inflow or outfow is generated in the normal course of a firm's busness activities, examples include sales revenue, A/P, A/R

G. This document is required by the Sec usually includes among other things, a general description of the indusrty in which the firm is involved.

H. This standardized financial statment can be used to compare the financial condition of the companies of different sizes or industries by dividing each account on the balance sheet by the firm's total assets.

I. This method of allocating a tangible asset's cost over it's useful life results in a constant, or equal, cost allocation over each year of the assets productive life.

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

Explanation / Answer

A D G C J H B F E I

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