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In what year was the Bill of Rights added to the Constitution?
Income Statement
A financial statement that reports a company's financial performance over a specific period, detailing revenues, expenses, and net income or loss.
Statement of Cash Flows
A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
Balance Sheet
A summary report of a company's financial position, detailing assets, liabilities, and equity of shareholders at a certain moment.
Accrual Accounting
Accrual accounting is an accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.
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