11/28/22
“Financial statements”
• Basic Categories (statements or sheets) • Balance • Income • Equity • Cash Flow • Which ones do you use? Any others? • Footnotes & disclosures
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“Financial statements”
BALANCE SHEET
Should include assets on one side, liabilities and equity on the other with balanced offset at the bottom.
Assets=liability+equity
Credit: accountingcoach.com 4
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