Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements used by for-profit organizations. Nonprofit organizations employ a comparable but distinct set of financial statements.
                                                               SHARP SCREEN FILMS, INC.    
                                                                 Statement of Cash Flows    
                                     For the Year Ended December 31, Current year
Cash flows from operating activities:          
Net income                                                                 46050      
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation expense                                 13650        
Decrease in accounts receivable                  7200        
Increase in merchandise inventory         -4850        
Decrease in accounts payable               -10200        
Decrease in wages payable                            -400            5400      
                                                                                      51450      
Net cash provided by operating activities          
Cash flows from investing activities:          
Cash payments to purchase fixed assets	-58950        
Net cash used in investing activities                              -58950      
Cash flows from financing activities:          
Cash payments on long-term note          -10900        
Cash payments for dividends                 -13950        
Cash receipts from issuing stock                  33400        
Net cash provided by financing activities                         8550      
Net increase in cash during the year                                 1050      
Cash balance, January 1, current year                                 63900      
Cash balance, December 31, 2015 current year                64950      
Financial information is used by analysts and investors to assess a company's performance and forecast the course of its stock price in the future. The company's annual report, which includes its financial statements, is among the most significant sources of trustworthy and audited financial data.
Investors, market analysts, and creditors analyze the financial statements to assess the strength of a company's finances and future profits potential. The statement of cash flows, income statement, and balance sheet are the three main financial statement reports.
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