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Anatoly Denisov, MS
Anatoly Denisov, MS
Aspiring Financial Analyst | Graduate student in Finance | GPA:4.0
Published Sep 27, 2023
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The balance sheet, income statement, and statement of cash flow are three key financial statements that provide different perspectives on a company's financial health and performance. Let's explorer these three statements:
1. Balance Sheet:
2. Income Statement (Profit and Loss Statement):
3. Statement of Cash Flows:
In summary, these financial statements serve distinct purposes. The balance sheet provides a snapshot of a company's financial position, the income statement details its financial performance over a period, and the statement of cash flows reveals how cash has been generated and utilized during that period. Together, these statements offer a comprehensive view of a company's financial health and operations, aiding investors, creditors, and management in making informed decisions.
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