{"id":860,"date":"2015-04-24T18:53:18","date_gmt":"2015-04-24T18:53:18","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&#038;p=860"},"modified":"2024-05-03T15:36:04","modified_gmt":"2024-05-03T15:36:04","slug":"financial-statements-interconnectivity","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/chapter\/financial-statements-interconnectivity\/","title":{"raw":"Financial Statements: Interconnectivity","rendered":"Financial Statements: Interconnectivity"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning Outcomes<\/h3>\r\n<ul>\r\n \t<li>Explain how the balance sheet, income statement, statement of owner's equity, and statement of cash flows are connected<\/li>\r\n<\/ul>\r\n<\/div>\r\nWatch the following video, and pay special attention to the interconnection between the four financial statements required by GAAP.\r\n\r\nhttps:\/\/www.youtube.com\/watch?v=9OX3Cnd35LE&amp;feature=youtu.be\r\n\r\nYou can <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/FinancialStatementsInterconnectivity_transcript.txt\" target=\"_blank\" rel=\"noopener\">view the transcript for \"Financial Statements - Interconnectivity\" (opens in new window).<\/a>\r\n<div class=\"textbox tryit\">\r\n<h3>Practice Question<\/h3>\r\nhttps:\/\/assess.lumenlearning.com\/practice\/406f77c2-cfd3-4b24-a868-1db3701ae4e8\r\n<\/div>","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning Outcomes<\/h3>\n<ul>\n<li>Explain how the balance sheet, income statement, statement of owner&#8217;s equity, and statement of cash flows are connected<\/li>\n<\/ul>\n<\/div>\n<p>Watch the following video, and pay special attention to the interconnection between the four financial statements required by GAAP.<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Financial Statements - Interconnectivity\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/9OX3Cnd35LE?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You can <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/FinancialStatementsInterconnectivity_transcript.txt\" target=\"_blank\" rel=\"noopener\">view the transcript for &#8220;Financial Statements &#8211; Interconnectivity&#8221; (opens in new window).<\/a><\/p>\n<div class=\"textbox tryit\">\n<h3>Practice Question<\/h3>\n<p>\t<iframe id=\"assessment_practice_406f77c2-cfd3-4b24-a868-1db3701ae4e8\" class=\"resizable\" src=\"https:\/\/assess.lumenlearning.com\/practice\/406f77c2-cfd3-4b24-a868-1db3701ae4e8?iframe_resize_id=assessment_practice_id_406f77c2-cfd3-4b24-a868-1db3701ae4e8\" frameborder=\"0\" style=\"border:none;width:100%;height:100%;min-height:300px;\"><br \/>\n\t<\/iframe>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-860\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Practice Question. <strong>Authored by<\/strong>: Nina Burokas. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">All rights reserved content<\/div><ul class=\"citation-list\"><li>Financial Statementsu2014Interconnectivity. <strong>Authored by<\/strong>: AccountingWITT. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/youtu.be\/9OX3Cnd35LE\">https:\/\/youtu.be\/9OX3Cnd35LE<\/a>. <strong>Project<\/strong>: Learn WITT. <strong>License<\/strong>: <em>All Rights Reserved<\/em>. <strong>License Terms<\/strong>: Standard YouTube license<\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":78,"menu_order":7,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"Financial Statementsu2014Interconnectivity\",\"author\":\"AccountingWITT\",\"organization\":\"\",\"url\":\"https:\/\/youtu.be\/9OX3Cnd35LE\",\"project\":\"Learn WITT\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube license\"},{\"type\":\"original\",\"description\":\"Practice Question\",\"author\":\"Nina Burokas\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"9ab2178b-c024-461f-b715-5fc2888ed03f, 0e649316-cb95-467e-bf05-c74fad8739d7","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-860","chapter","type-chapter","status-publish","hentry"],"part":94,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/users\/78"}],"version-history":[{"count":18,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/860\/revisions"}],"predecessor-version":[{"id":15353,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/860\/revisions\/15353"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/94"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/860\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/media?parent=860"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=860"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=860"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/license?post=860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}