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xenn [34]
1 year ago
11

Explain how financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) are

helpful to the business owner, employees, and investors using a company in your local area. Be sure to begin by stating the name of the company you chose.
Be sure that your Learning Journal entry is a minimum of 500 words. Make sure you cite and reference your sources of information in the APA format.
Business
2 answers:
Svetlanka [38]1 year ago
3 0

A financial statements are helpful to the business owner, employees, and investors because:

  • It helps to financial plan
  • It helps to make decisions
  • It helps to adhere to regulations etc

<h3>What are financial statements?</h3>

This refers to those written records that convey the business activities and the financial performance of a company.

Some examples of financial statements in every standard companies includes Income statement, Cash flow statement, Balance sheet, Note to Financial Statements, Statement of change in equity etc.

In conclusion, majority of firm's financial statement are audited by government agencies, accountants, firms  to ensure accuracy, tax purpose, financing, investing purposes etc.

Read more about financial statements

<em>brainly.com/question/24498019</em>

#SPJ1

kkurt [141]1 year ago
3 0

The financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) give  snapshot of a corporation's financial health.

<h3>What is thee usefulness of the financial statement?</h3>

Financial statements which is been used as accounting tool help to provide snapshot of a corporation's financial health.

It help to provide the company or organization with performance, operations as well as  cash flow as well as company's revenue, expenses.

Learn more about financial statement at:

brainly.com/question/24498019

#SPJ1

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Assuming that total dividends declared in 2017 were $64,000, and that the preferred stock is not cumulative but is fully partici
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Answer:

$40,235

Explanation:

Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.

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Dividend to common stock holders = $64,000 - $7,000 - $16,765 = $40,235

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