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What is a consolidated financial statement?
it is combined statement of parent company and subsidary company
What financial statement is most likely to provide information about a company's ability to repay debt?
Statement of financial position (Balance sheet)
What is the difference between balance sheet and financial statement if there is any........?
Balance Sheet: Balance sheet is the financial picture of an organization on a given day. while financial statement is a broader term and it can be for a very long time. financial statment is a formal record of business financial activities. it can be a day. month a year or so on. while balance sheet is just a part of a financial statement. in short balance sheet is also a finanaical statement. but finanacial statement can not be balance sheet..
What financial statement is concerned with the company at a point in time?
This relates to a company's balance sheet (aka statement of financial position). The balance sheet provides, in essence, a "snapshot" of a company at a point in time. This differs from a statement of cash flows, or an income statement, both of which essentially show the events or transactions of a company that occurred during a certain period of time.
Why are the financial statement users interested in the statement of cash flows?
it enable both internal and external to know that the company worth, the company is heading for losses.
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
What is a consolidated financial statement?
it is combined statement of parent company and subsidary company
A combined financial statement of a parent company and its subsidiaries is called?
a consolidated financial statement
What is the difference between consolidated and parent company statements?
Comparative financial statements compares one set of financial statement with another set of financial statements while consolidated financial statement is prepared where in company there is parent and child company relationship exists to join the financial statements of parent and child company as a single financial statements.
Describe a balance sheet income statement retained earnings statement and statement of cash flows How does a company use these financial sta?
To check on the financial position of the company eg: payables and receiveables
Which financial statement shows the net income earned by a company?
The income statement.
A combined statement of a parent company and its subsidiary is called?
a consolidated financial statement
What is the g0al of a consolidated balance sheet?
1. Goal of consolidated financial statement is to combine the financial statement of parent as well as child companies as a one set of financial statement to show the overall performance of company rather showing separate financial statements for every company.
What financial statement is most likely to provide information about a company ability to repay debt?
Statement of financial position (Balance sheet)
What financial statement is most likely to provide information about a company's ability to repay debt?
Statement of financial position (Balance sheet)
What financial statement would you analyze to determine if a company distributed any of its profits to its shareholders?
What financial statement would you analyze to determine if a company distributed any of its profits to its shareholders?
Where can you find the financial statement for any company?
balance sheet
