i have many question and i feel lost . i need find anser in this websaid http://
ID: 2506150 • Letter: I
Question
i have many question and i feel lost . i need find anser in this websaid
http://www.sec.gov/investor/pubs/begfinstmtguide.htm
can you help me ?
my question is :-
1. List the four primary types of financial statements that firms use today.
2. List the primary function of a balance sheet.
3. List the primary function of an income statement.
4. List the primary function of a statement of cash flow.
5. A balance sheet is comprised of four primary parts, what are these?
6. An income statement is comprised of what primary parts?
7. A statement of cash flow is comprised of what primary parts?
8. Why would a company ever complete a set of financial statements?
9. Who other than the accountant and CEO of a firm would evaluate financial statements?
10. Why would you ever evaluate the firm
Explanation / Answer
1) There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders
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