Managers within the firm, as well as the firm’s owners and lenders, keep track of the firm’s performance by reviewing its financial statements – income statement, balance sheet, and statement of cash flows.

August 14, 2023August 14, 2023 Discipline: Business and Management

Instructions: There are 2 Parts to this assignment.

PART 1: In a 600-700 words paper (not including title page or references), respond to the following:

  • What is the purpose of the income statement? Identify the major types of expenses that are shown on the typical income statement.
  • What is the purpose of the balance sheet? Identify the major types of assets and the claims of creditors and owners shown on the typical balance sheet.
  • What are the three different accounts that comprise the owners’ equity (also known as stockholders’ equity) section on a typical corporate balance sheet?
  • What is a statement of cash flows? Describe the three standard sections contained in a statement of cash flows.

APA7 and Turnitin are required. Include a minimum of 2 references. In the Assignment dropbox, please attach your paper as a file, do not copy & paste.

PART 2: Complete both the balance sheet and income statement exercises in the attached Excel file and submit as a file. Note: the file is auto submitted to Turnitin and will result in high score. Please disregard the score. 

Are you struggling with your paper? Let us handle it - WE ARE EXPERTS!

Whatever paper you need - we will help you write it

Get started

Starts at $9 /page

Login Register Reset

How our paper writing service works

It's very simple!

  • Fill out the order form

    Complete the order form by providing as much information as possible, and then click the submit button.

  • Choose writer

    Select your preferred writer for the project, or let us assign the best writer for you.

  • Add funds

    Allocate funds to your wallet. You can release these funds to the writer incrementally, after each section is completed and meets your expected quality.

  • Ready

    Download the finished work. Review the paper and request free edits if needed. Optionally, rate the writer and leave a review.

Place order now