

ESB Ch 4 Vocab Part 1
Flashcard
•
Business
•
8th Grade
•
Practice Problem
•
Hard
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21 questions
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1.
FLASHCARD QUESTION
Front
Core financial statement showing profit and loss over time
Back
Income Statement
2.
FLASHCARD QUESTION
Front
One of the three fundamental financial statements key to financial modeling and accounting.
Back
Balance Sheet
3.
FLASHCARD QUESTION
Front
Shows how changes in balance sheet accounts and income affect cash, broken down into operating, investing, and financing activities.
Back
Cash Flow Statement
4.
FLASHCARD QUESTION
Front
Financial statement required at the end of a reporting period.
Back
Equity Statement
5.
FLASHCARD QUESTION
Front
Total income from sales of goods/services in business operations
Back
Revenue
6.
FLASHCARD QUESTION
Front
Cost required for something; money spent on something:
Back
Expense
7.
FLASHCARD QUESTION
Front
Type of overhead expense; cost of operating a business.
Back
Fixed Expense
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