Question 1: What piece of information flows from the income statement to the statement of owner's equity?
Question 2: What information flows from the statement of owner's equity to the blaance sheet? What balance sheet item is explained by the statement of cash flows?
Question 3: How does the over-the-counter exchange operate? How does it differ from the organized securities exchanges?
Question 4: What is the purpose of the cash budget? The key input to the cash budget is the sales forecast. What is the difference between external and internal forecast data?