BUSN604 Week 1 Assignment
Prompt:
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
- statement of cash flows
PART 1:
In 675-700 words (not including title page or references) and in an APA7 formatted with an Introduction and Conclusion, explain the following questions. Do not include the questions verbatim in your responses or as headings. Use the template provided.
- What is the purpose of the income statement? Identify and describe the major types of expenses that are shown on the typical income statement.
- What is the purpose of the balance sheet? Identify and describe the major types of assets and the claims of creditors and owners
Note: Full answer to this question is available after purchase.
Reviews
There are no reviews yet.