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Comparative Balance Sheet
A financial statement that presents the balances of assets, liabilities, and stockholders' equity at two or more different points in time to analyze trends or changes.
Indirect Method
A method for preparing the cash flow statement that starts with net income and adjusts for non-cash transactions.
Operating Activities
The day-to-day activities involved in running a business, such as selling products, managing expenses, and paying employees, which are reflected in the cash flow statement.
Statement of Cash Flows
The Statement of Cash Flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.
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