QBO Chapter 10 Key Terms

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QBO Chapter 10 Vocabulary words
BRYAN VEGA
Flashcards by BRYAN VEGA, updated more than 1 year ago
BRYAN VEGA
Created by BRYAN VEGA about 1 year ago
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Question Answer
Financial Statements they are reports used by investors, owners, and creditors to make decisions
Profits and loss list income and expenses, summarizing the income a company has earned and the expenses incurred to earn the income
Balance sheet list assets, and owner's equity, summarizing what a company owns and owes on a particular date
Statement of cash flows list cash flows from operating, investing, and financing activities of a business
Management reports are used by internal users (managers) to make decisions regarding company operations
Tax forms provides information to federal and state tax authorities
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