Question

The financial interests of owners is called
nt As
mater
o Owners Holding
O Trading Account
L
0 Owners Equity
Profit and Loss Account
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Answer 1

Answer:

Companies produce three major financial statements that reflect their business activities and profitability for each accounting period. These statements are the balance sheet, income statement and statement of cash flows. The cash flow statement shows how well a company manages cash to fund operations and any expansion efforts. In this article, we'll examine the balance sheet and income statement and their differences.