1) What are the four primary financial statements?
2) What is the fifth financial statement now required for public companies?
3) In addition to the financial statements, what is required for financial statements to be “complete” in accordance with US GAAP?
4) What is the only financial statement to present data as of the end of a fiscal period as opposed to presenting a summary of activity that took place during a fiscal period?
5) What is presented on a balance sheet and what accounting equation represents the balance sheet?
6) Define or describe and provide at least 10 examples of assets.
7) Define or describe and provide at least 10 examples of liabilities.
8) Describe equity and provide the 5 primary components of corporate equity.