Q 11-4 - data therefore the order in which they are...

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Q 11-4 As we have learned, there are four types of financial statements that are used for publicly traded corporations. They are known as the income statement, statement of owner/stockholder’s equity, balance sheet and the statement of cash flow. (Easton, Halsey, McAnally, Hartgraves & Morse, 2010). These statements are linked to one another providing one another with necessary
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Unformatted text preview: data; therefore the order in which they are prepared is very important. The concept of articulation means that numbers of the different statements are related to one another. In the forecasting process this concept stands as important because each statement uses information from the preceding statement to be effective (Easton, Halsey, McAnally, Hartgraves & Morse, 2010). ....
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