Front

Zoe, Grace, and Kai are learning about finance. Can you help them identify the three main types of financial statements?

Back

income statement, balance sheet, and cash flow statement

Front

Which financial statement shows a company's revenues and expenses over a period of time? Options: income statement, cash flow statement, statement of retained earnings, balance sheet

Back

income statement

Front

Which financial statement shows a company's assets, liabilities, and shareholders' equity at a specific point in time?

Back

balance sheet

Front

Which financial statement shows the changes in a company's cash and cash equivalents over a period of time?

Back

Statement of Cash Flows

Front

The amount a business makes when total revenue exceeds total expenses.

Back

Profit

Front

Amount of money that a business earns in a given period.

Back

Revenue

Front

The amount a business loses when the total revenue is less than the total expenses.

Back

Loss

Front

Which term below is defined as a card issued by a financial service company that allows people to borrow funds with which to pay for goods and services with merchants?

Back

a credit card

Front

What payment method allows you to "Pay later"? Options: credit card, debit card, prepaid card, none of these

Back

credit card

Front

Pay now: credit card, prepaid card, debit card, all of these

Back

debit card