BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The balance sheet is a financial statement that provides a snapshot of the assets, liabilities, and shareholders’ equity. Many companies use the shareholders’ equity as a separate financial statement. But usually, it comes with the balance sheet.

Detailed explanation-2: -They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity.

Detailed explanation-3: -The three main types financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, its revenues and costs, as well as its cash flows from operating, investing, and financing activities.

Detailed explanation-4: -The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company’s financial strength and provide a quick picture of a company’s financial health and underlying value.