A company prepares financial statements in order to summarize financial information.
Below are a list of financial statements and a list of descriptions. Financial Statements
a. Balance sheet
b. Income statement
c. Statement of cash flows
d. Statement of stockholders' equity
Descriptions
1. Details the sources and uses of cash during a specified period of time.
2. Summary of revenues and expenses and gains and losses for a specific period of time.
3. Shows the financial condition of an accounting entity as of a specific date.
4. Presents reconciliation of the beginning and ending balances of the stockholders' equity accounts.
Required
Match each financial statement with its description.