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Balance Sheet Essays

The Balance Sheet, Income Statement, and the Statement of Cash Flow

Introduction Documenting corporate operations is essential for internal use and compliance. Accounting cannot be accomplished without taking into account three primary financial statement components: the balance sheet (BS), income statement (IS), and cash flow statement (CF). A financial statement is a document issued to the public (for publicly traded firms) that declares the firm’s economic ... Read More
Pages: 7       Words: 1684

Balance Sheet Analysis

Purpose of a balance sheet A balance sheet is one of the financial statements that a business prepares to reveal the financial status of an organization as of a certain point in time. It shows the firm’s assets which is what the business owns, its liabilities which is how much it owes and its equity ... Read More
Pages: 4       Words: 968
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