The financial statement that reports the assets, liabilities, and stockholders' (owner's) equity at a specific date is the:

Balance Sheet *Income Statement *Statement Of Cash Flows

Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/09

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by Farhan Baig , Assistant Manager Finance & Controlling , Tenova Goodfellow Inc.

Balance Sheet

The investment of personal assets by the owner:
Top Answer: <p><span>(a) Increases total assets and increases owner’s equity</span></p> See More

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Do modern Accountants know how to prepare full set financial statements or do they rely on ERP not knowing the mechanics inside?
Top Answer: ERP is important to do the transactional but the Accountant he must knows what happen what kind of transa ... See More

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The amount of assets, liabilities and owner’s equity are changed by business transactions. it is true please give a explanation?
Top Answer: A sales transaction will increase bank/cash/receivables while decreasing inventory, on the other hand it ... See More

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Which of the following statements is false ?
Top Answer: (c) An income statement presents the revenues, expenses, changes in owner’s equity, and resulting net inc ... See More

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