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Copy of 20 Financial Statements Video Form
Section? *
Last Name? *
First Name? *
1. What type of entry is associated with positive Assets? *
2. What type of entry is associated with positive Liabilities or Equity? *
3. What is the name of the document that is used to create the financial statements (HINT: This document is created from the General Ledger.) *
4. Which statement is as of a specific date, not for activity over a period of time? *
5. Which statement is prepared first? *
6. Which statement is prepared second? *
7. Which statement is prepared third? *
8. What is the name of the line from the Income Statement that is used in the Statement of Changes in Equity? *
9. What are the names of the two (2) lines from the Statement of Changes in Equity that are used in the Balance Sheet? *
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