These are defined as the obligations of the entity arising from past events, the settlement of which arises in an outflow of the entity’s resources. Debts false Liabilities true Assets false Equity false Single This statement shows the revenues, expenses, and net income of a business over a period of time. Statement of Cash Flows false Financial Statement false Statement of Financial Position false Statement of Financial Performance true Single These are expected to be converted into cash within the business’s normal operating cycle. Current assets true Non-current assets false Assets false Cash Flows false Single This shows any movement when it comes to capital accounts. Statement of Cash Flows false Statement of Financial Position false Statement of Changes in Equity true Statement of Financial Performance false Single This is the maximum value of securities that a company can legally issue. Authorized share capital true Issued shares false Ordinary shared false Preferred shared false Single It shows cash receipts and cash payments of the business over a specified period. Statement of Cash Flows true Statement of Financial Position false Statement of Changes in Equity false Statement of Financial Performance false Single It represents what the business owners would retain after the business pays off its external creditors. Shares false Equity true Assets false Capital false Single It is the desirable level of cash for investors after it has paid for any new investment. Investments false Cash Advance false Cash Flows false Free Cash Flow true Single These are defined as economic resources that are controlled by the business as result of past events and from which future economic benefits are expected to flow to the business. Capital false Equity false Assets true Liabilities false Single They represent the accumulated profits of the company throughout the years after deducting all cash and stock dividends declared to shareholders. Future earnings false Retained earnings true Total revenue false Net assets false Single