Full Answer
Which financial statement shows the profitability of the company?
The financial statement that shows the profitability of the company for a period of time. 1. Revenues 2. Expenses Amount earned during the accounting period (year); may result from sale of merchandise, services, rental of property, or lending money.
What is the definition of a financial report?
A set of accounting reports that convey economic and financial information to outside users such as creditors and investors. 1. The economic resources owned by a business (ASSETS) 2. The debts owed by a business (LIABILITIES)
Which statement reports a person's current income and payments?
A cash flow statement reports a person's or a family's: current income and payments Improvements in a person's financial position are the result of: increased savings and investments Which of the following would increase the risk of a loan? Rising consumer prices
What does a cash flow statement report?
Long-term A cash flow statement reports a person's or a family's: current income and payments Improvements in a person's financial position are the result of: increased savings and investments
Which category of a home file includes stock and bond purchase documents?
Investment Assets The fourth category of wealth is investment assets. Invest ment assets include re tirement accounts and securities such as stocks and bonds. Set aside such assets for long-term financial needs, such as paying for college, buying a house, or retirement.
Which of the following are two personal financial statements that you create yourself quizlet?
The two personal financial statements that you create yourself are the personal balance sheet and a credit card payoff statement. The current financial position of an individual or family is a common starting point for financial planning.
Which of the following are considered to be personal financial statements quizlet?
Which of the following are considered to be personal financial statements? Balance sheet and cash flow statement.
What are the two main types of personal financial statements?
There are two types of personal financial statements:The personal cash flow statement.The personal balance sheet.
Is a financial statement that reports what an individual or family owns and owes also call a net worth statement?
Cash and other property with a monetary value. A financial statement that reports what an individual or a family owns and owes; also called a net worth statement or statement of financial position.
What is another name for a statement of financial position?
Overview: The balance sheet - also called the Statement of Financial Position - serves as a snapshot, providing the most comprehensive picture of an organization's financial situation. It reports on an organization's assets (what is owned) and liabilities (what is owed).
What are personal financial records quizlet?
personal financial statement. a document that provides information about an individual's current financial position and presents a summary of income and spending. personal balance sheet. also called a net worth statement; a financial statement that lists items of value owned, debts owed, and a person's net worth.
What is an I statement personal finance?
A personal financial statement is a snapshot of your personal financial position at a specific point in time. It lists your assets (what you own), your liabilities (what you owe), and your net worth.
Which of the following is are typically considered to be a personal financial record?
Which of the following is (are) typically considered to be a personal financial record? Birth Certificate, Marriage license, Certificate of deposit, Social Security Card *All Answers are Correct.
What are the types of financial statements?
There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity.
What are the 5 types of financial statements?
The 5 types of financial statements you need to knowIncome statement. Arguably the most important. ... Cash flow statement. ... Balance sheet. ... Note to Financial Statements. ... Statement of change in equity.
What are the 3 financial statements?
The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.
How much more do bonds earn than stocks?
The bonds will earn $26.40 more than the stocks. Define the concept of risk in investment. Risk refers to the likelihood that your investments will lose value and end up costing you money. For example, if you invest in a stock of a company that later goes bankrupt, you will have lost the money that you invested.
What is the difference between Drew's stock and his bond?
The value of Drew's stocks has increased by $11.64 more than the value of his bonds. A stock is a certificate of ownership that can be purchased, sold, and traded. A bond is a certificate of debt that government organizations or businesses in the private sector use to raise capital.