When her salespeople bring in five new customers, Martina gives them a $1,000 payment. This is an example of a

Wholesalers buy from retailers and sell to the general public

Indicate whether the statement is true or false.

The _____ shows assets, liabilities and shareholders' equity as of a specific date, similar to a snapshot

a. balance sheet b. income statement c. statement of cash flows d. statement of sources and uses of funds e. statement of cash receipts and disbursements