April 18, 2011
Kaydon Corporation (KDN) is a business that designs and manufactures custom
engineered and performance-critical products primarily in the United States.
company, there are various products made.
A few products include: anti-friction bearings, split
roller bearings, specialized robotics, and industrial applications.
Kaydon also has operations in
the United Kingdom, Mexico, Germany, North America, Europe, and Asia.
The company is
based in Ann Arbor, Michigan, and was founded in 1941.
Three statements that are very important to have for a company are, the income
statement, balance sheet, and the cash flow statement.
Each of these different statements are
very important to have, because they give the company, buyers, competition, sellers, outside
sources, etc. the information needed to make intelligent business decisions.
The first statement is the income statement.
The income statement matches the expense
with the revenues that occur when operation a business.
If revenues made within a business
exceed expenses, then the difference is called the net income.
If the expenses in the company are
greater than the revenues is called the net loss.
A company’s income is measured for a certain
span of time, which is called the accounting period.
Accounting periods usually are one year, but
income can also be measured weekly, monthly, quarterly, semiannually, or over any other time
On the actual income statement, inside and outside sources will see the revenue,
expenses, and the net income.
Dividend payments that occur are not reported on the income
The decrease in assets for dividend payments is not incurred for the purpose of
The dividends are actually transfers of wealth to the owners of the business.