Financial statements for a profit-organization discussion

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timer Asked: Feb 26th, 2019
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Question Description

Week 3 Problem Sets

Part 1

Please identify four of the financial statements a for-profit organization will compile, define them, and then describe how they interact with each other.

Write a 2 page paper explaining how it works.

Tutor Answer

LeoProfessor
School: New York University

Attached.

Running head: FINANCIAL STATEMENTS

Financial Statements
Student’s Name

Institutional Affiliation

1

FINANCIAL STATEMENTS

2
Introduction

Financial statements for a profit-organization refer to all information compiled and
presented to show the flow of income. The four primary financial statements include the income
statement, balance sheet, cash flow statement and the owners' equity. Profit-organizations
prepare financial documents to facilitate publicity and analyze the performance of the business
within a specific duration. The paper focuses on defining and discussing how each financial
statement works in a profit-organization.

Income Statement

Income statement refers to a document comprising of essential elements such as
revenues, expenses, and profits attained by the organization. The first segment of an income
statement shows the revenue while the bottom line the inco...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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