Match Each of the Following Characteristics with the Financial Statement

question 192

Multiple Choice

Match each of the following characteristics with the financial statement that best describes it. Each may be used more than once.
-Has three sections: operating, investing and financing

• A)Income statement
• B)Balance sheet
• C)Statement of owner's equity
• D)Statement of cash flows

---

Definitions:

Subjective Nature

The characteristic of being based on or influenced by personal feelings, tastes, or opinions rather than external facts.

Functional Report

A document that focuses on the outcomes and results of specific functions or departments within an organization.

External Report

A document prepared to provide analysis, findings, or recommendations to parties outside of the organization, often for clients or public dissemination.

External Report

A report prepared for individuals or entities outside the organization, often to provide information or analysis about the organization's activities.