21. What does a company's statement of cash flow tell you about the company? 22. If a corporation issues common stock for $20,000 cash, in which section of the statement of cash flows would this...

21. What does a company's statement of cash flow tell you about the company?

22. If a corporation issues common stock for $20,000 cash, in which section of the statement of cash flows would this transaction be reported?

23. Which types of accounts are closed out to retained earnings at the end of an accounting period?

24. Name and briefly describe each of the four financial statements.

25. Define the term "accounting period."