Ch. 9 - Analysis Of Financial Statements

Question 1

What are the four financial statements required by the SEC?

Answer 1

Balance sheet

Income statement

Statement of cash flows

Statement of stockholder’s equity

Question 2

What are financial statement?

Answer 2

Accounting reports issued periodically to present past info and a snapshot of the firm’s assets and the financing of those assets

Accounting reports that indicate the performance of a firm to stockholders or the general public