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Enumerate the type of financial information and explain.​

Sagot :

They are:

(1) balance sheets;

(2) income statements;

(3) cash flow statements;

MY EXPLANATION IN MY ANSWER

statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time.

Step-by-step explanation:

#Smart

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Answer:

1. Balance sheet discloses a company's financial position at a specific point in time by listing its assets, liabilities and shareholders' equity.

2. Income statement summarizes a company's revenues and expenses for a specific period of time, usually a fiscal year.

3. Cash flow statement shows how a company's cash flow has changed over a specific period of time.

4. Statement of retained earnings shows how much of the company's net income has been reinvested back into the business and how much has been distributed to shareholders as dividends.

5. Fixed assets schedule shows the cost and accumulated depreciation of the company's fixed assets.

6. Debt schedule shows the principal and interest payments on the company's long-term debt.

7. Statement of changes in financial position summarizes the company's cash flow, changes in assets and liabilities, and shareholders' equity over a specific period of time.

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