MANAGEMENT

Detailed explanation-1: -Financial statements are written records that convey the business activities and the financial performance of an entity. The balance sheet provides an overview of assets, liabilities, and shareholders’ equity as a snapshot in time.

Detailed explanation-2: -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.

Detailed explanation-3: -Financial reports that summarize the financial condition and operations of a business are called financial statements.

Detailed explanation-4: -The annual report contains key information on a company’s financial position that can be used to measure: A company’s ability to pay its debts as they come due.

Detailed explanation-5: -The Balance Sheet It shows an entity’s assets, liabilities, and stockholders’ equity as of the report date. In this report, the total of all assets must match the combined total of all liabilities and equity.