Quantitative approaches

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Business Finance

Description

Must be 2 to 3 pages with reference sheet, correct grammar and spelling. APA guidelines. All parts of question must be answered.

a. What are the primary financial statements?

b. Describe the information that is found on each of the statements.

c. Identify the users of financial statements and explain why the information is useful to them.

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Explanation & Answer

Attached.

Running Head: PRIMARY FINANCIAL STATEMENTS

Primary Financial Statements
Student’s Name
Professor’s Name
Course Title
Date

1

PRIMARY FINANCIAL STATEMENTS

2

Primary financial statements and the information that is found on each of the statements
Financial statements represent the written records of the financial situation of a business.
The primary financial statements include the income statement, the balance sheet, the statement
of cash flows and the statement of retained earnings (AccountingTools, 2017). These financial
statements are a crucial component of the information of a business. In addition, they are a
principal method of communicating about the financial health of an entity to the interested
parties. Financial statements further offer information essential in investment decisions and the
determining of the prospects of cash flows of an organization. Masses ...


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