HW ch.3 bus170.docx - HW Ch.3 Part I Josh Goldberg ST-1 a Annual report Report issued annually by a corporation to its stockholders It contains basic

HW ch.3 bus170.docx - HW Ch.3 Part I Josh Goldberg ST-1 a...

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Josh Goldberg HW Ch.3 Part I ST-1 a. Annual report : Report issued annually by a corporation to its stockholders. It contains basic financial statements as well as management’s analysis of the firm’s past operations and future prospects. Balance Sheet : A statement of a firm’s financial position at a specific point in time. Income Statement : A report summarizing a firm’s revenue’s expenses, and profits during a reporting period, generally a quarter of a year. Statement of Cash Flow : A report that shows how things that affect the balance sheet and income statement affect the firm’s cash flows. Statement of Stockholders’ Equity : A statement that shows by how much a firm’s equity changed during the year and why this change occurred. b. Stockholders’ Equity: It is the amount that stockholders paid to the company when they bought shares the company sold to raise capital, in addition all of the earnings retained over the years.
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