Question

Types of Statements Match the following type of report with the most likely statement user: management, taxation authority, regulatory agency, or investor. a. Financial statements Answer b. Tax return Answer c. Annual budget Answer d. Special report on a bank’s financial health

Answer 1

Answer:

a. Financial statements investor.

b. Tax return taxation authority

c. Annual budget management

d. Special report on a bank’s financial health  regulatory agency

Explanation:

a. "The meaningful interpretation and analysis of balance sheets, income statements, and cash flow statements to discern a company's investment qualities is the basis for smart investment choices."

Reference: 12 Things You Need to Know About Financial Statements. (2019).

b. "A tax return is a form filed with a taxing authority that reports income, expenses and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes."

Reference:  Learn what a Tax Return Is. (2019).

c. "Creating, monitoring and managing a budget is key to business success. It should help you allocate resources where they are needed, so that your business remains profitable and successful. It need not be complicated. You simply need to work out what you are likely to earn and spend in the budget period."

Reference: "Budgeting And Business Planning". 2009. Infoentrepreneurs.

d."Institutions submit Call Report data to the bank regulatory agencies each quarter for the agencies' use in monitoring the condition, performance, and risk profile of individual institutions and the industry as a whole"

Reference: Fdic.gov. (2016). FDIC: Bank Financial Reports. [online]