Match each of the following characteristics with the financial statement that best describes it. Each may be used more than once.
-The second statement prepared
A)Income statement
B)Balance sheet
C)Statement of owner's equity
D)Statement of cash flows

Question

Quizplus · Accepted Answer

The second statement prepared is usually the Statement of Owner's Equity, which shows changes in the owner's equity during a period of time.

Match Each of the Following Characteristics with the Financial Statement