"when you buy a piece of equipment for a company, what is the impact on the three financial statements?"

Business

1 answer:

Dvinal [7]4 years ago

5 0

There are three main financial statements that can be affected by buying a piece of equipment for a company.

They are: (1) balance sheets; (2) income statements; and (3) cash flow statements

Balance sheets show what a company owns and what it owes at a fixed point in time so buying a piece of equipment will show an increase in the company’s assets and decrease in cash Income statements which shows how much money a company made and spent over a period of time will report an increase in the expenses resulting to a lower net income.

Cash flow statements which show a decrease in net cash due to buying of the equipment.

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