Match each of the following with the appropriate definitions
a. Statement of cash flows
b. Balance sheet
c. Income statement
d. Statement of changes in shareholders' equity
_____ 1. A financial statement that presents assets, liabilities, and shareholders' equity.
_____ 2. A financial statement that presents revenues minus expenses to show either a profit or loss.
_____ 3. A financial statement that presents the changes in shareholder's equity for an accounting period.
_____ 4. A financial statement that presents all the cash collected and all the cash disbursed during an accounting period.
_____ 5. A financial statement that reports the financial position of the company at a point in time.
b, c, d, a, b
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Indicate whether the statement is true or false