There are two types of body waves: P-waves and S waves. 1  P - waves - are Primary waves. They travel with a velocity that depends on the elastic properties of the rock through which they travel. 2  S-Waves - Secondary waves, also called shear waves.
GAAP requires the following four financial statements: 1  Balance Sheet - statement of financial position at a given point in time. 2  Income Statement - revenues minus expenses for a given time period ending at a specified date. 3  Statement of Owner's Equity - also known as Statement of Retained Earnings or Equity Statement.
3. Banking: Statutory statement of complete information about a consumer or home mortgage loan. It is required to contain certain items of information such as (1) actual interest rate, (2) its computation, (3) itemized total of all charges and fees, and (4) minimum monthly payment.