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Balance Sheet: This statement provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. For example, Apple Inc.'s consolidated balance sheet includes current assets like cash and receivables, as well as non-current assets such as property and equipment.
Income Statement: Also known as the profit and loss statement, this document summarizes revenues, costs, and expenses over a specific period, showing the net profit or loss. It typically includes sections for operating income, non-operating income, and net income.
Cash Flow Statement: This statement outlines the cash inflows and outflows from operating, investing, and financing activities over a period. It helps assess the company's liquidity and cash management.
Statement of Changes in Equity: This statement details the changes in equity from transactions with shareholders, including dividends paid and shares issued or repurchased.
Financial statements are essential documents that provide a summary of a company's financial performance and position. Common examples include balance sheets, income statements, and cash flow statements.
Balance Sheet: This statement provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. For example, Apple Inc.'s consolidated balance sheet includes current assets like cash and receivables, as well as non-current assets such as property and equipment.
Income Statement: Also known as the profit and loss statement, this document summarizes revenues, costs, and expenses over a specific period, showing the net profit or loss. It typically includes sections for operating income, non-operating income, and net income.
Cash Flow Statement: This statement outlines the cash inflows and outflows from operating, investing, and financing activities over a period. It helps assess the company's liquidity and cash management.
Statement of Changes in Equity: This statement details the changes in equity from transactions with shareholders, including dividends paid and shares issued or repurchased.
Financial statements are essential documents that provide a summary of a company's financial performance and position. Common examples include balance sheets, income statements, and cash flow statements.