226.Borrowed money from a bank
227.Purchased equipment for cash
228.Received cash for providing services to customers
229.Used up supplies that were already on hand
Match the following characteristics with the financial statement it describes it. Each may be used more thanonce.
a.Income Statement
b.Balance Sheet
c.Statement of Owner’s Equity
d.Statement of Cash Flows
230.Reports as of a specific date
231.The first statement prepared
232.Has three sections: operating, investing and financing
233.Reports only revenues and expenses
234.The second statement prepared
235.A formal presentation of the accounting equation
236.The connecting link between the income statement and balance sheet