The statement that shows the resources owned by the owner, the creditors' claim over it and the net worth of the capitalist. a.statement of changes in owner's equity b.statement of financial position c.income statement d.statement of cash flows

The statement that shows the resources owned by the owner, the creditors' claim over it and the net worth of the capitalist. a.statement of changes in owner's equity b.statement of financial position c.income statement d.statement of cash flows

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 11Q: Explain how the following items affect equity: revenue, expenses, investments by owners, and...

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Question

The statement that shows the resources owned by the owner, the creditors' claim over it and the net worth of the capitalist.

a.statement of changes in owner's equity

b.statement of financial position

c.income statement

d.statement of cash flows

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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