Ch 4 acct 300 wku - Study guides, Class notes & Summaries

balance sheet (AKA statement of financial position) - answer-reports the assets, liabilities, and stockholders' equity of a business enterprise at a specific date (1) provides information about the nature and amounts of investments in enterprise resources, obligations to creditors, and the owners' equity in net resources (2) helps in predicting the amounts, timing, and uncertainty of future cash flows analysts use the balance sheet to assess a company's... - answer-liquidity, solvency, ...