Financial StatementsOnline version In this game, players will determine whether various nouns are considered part of financial statements. Players will respond with ✅ for nouns that are included in financial statements and ❌ for those that are not. by A11_22 _Thảo My 1 Cash flow statement is a financial statement that shows a business's cash inflows and outflows over a period of time. Yes No 2 Income statement is a financial statement that shows a bussiness's profit and loss at a particular point in time. Yes No 3 A balance sheet includes assets, liabilities and expense. Yes No 4 An income statement can be analyzed vertically or horizontally. Yes No 5 ASSETS = LIABILITIES + OWNERS' EQUITY Yes No 6 PROFIT = REVENUE + EXPENSE Yes No 7 Cash flow statements contain cash from: Operating Activities, Investing Activities and Financing Activities. Yes No 8 An income statement consists of profit, revenue and expense. Yes No 9 Balance sheet is a financial statement that reports a company's financial condition over a period of time. Yes No
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