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.
Here are the top five things that your accountant really needs to do your taxes. 1. Financial Statements â A basic set of financial documents comprises a balance sheet, an income statement and a cash-flow statement. For tax purposes, the income statement is the one most used by your accountant, but she will also want to see the companyâs assets and liabilities. 2. List of Capital Asset Activity â If you bought, sold, or disposed of any capital assets in the company during the year, you must account for it in your tax return.