Chapter 2 — Introduction to Financial Statements
Chapter Outline
- LO 2.1 Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash
Flows, and How They Interrelate - LO 2.2 Define, Explain, and Provide Examples of Current and Noncurrent Assets, Current and Noncurrent
Liabilities, Equity, Revenues, and Expenses - LO 2.3 Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet
