0
Whats a reason for obtaining a financial statement when a business is acquired?
Wiki User
∙ 9y ago
Financial statements are acquired to find out that how much assets and liabilities a business has and how much net amount need to be paid as well as to find out the profitability and liquidity of business and health of overall business as well.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What are financial reports that summarize the financial condition and operations of a business?
Financial statements are financial reports which summarize the financial condition and operations of a business. Included in a financial statement are a balance sheet, income statement, and also a cash flow statement.
When did the statement of cash flows become a requirement for business?
The statement of cash flows replaced the statement of changes in financial position in 1987 as a required financial statement for all publically traded business enterprises.
How does one prepare a financial statement for a small business?
Many websites are available to help one prepare a financial statement for a small business. Such websites include the Small Business Assocation, BizFinance About, and Dummies.
What is a financial statement that includes assets and liabilities?
A Balance Sheet, also sometimes referred to as a Statement of Financial Position.
What happened to the company Chrysler Financial?
Chrysler Financial was a car financing company. When Daimler bought the Chrysler automotive business it also acquired Chrysler Financial. For business reasons Chrysler Financial was closed down.
Is a financial statement form required for tax purposes?
A financial statement is always required for a business large or small. The IRS needs this evidence of activity within a business for tax deductions.
Why do you say that financial statement analysis is management by exception?
why is financial statement analysis part of business analysis? Please answer this question, I'll need it this answer!
What is the name of the financial statement that compares your income to expenses?
'Income Statement' is the financial statement which compares the business incomes with its expenses using matching principle for specific period of time
What is the business definition for profit loss statement?
The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.
What are the financial statements in business?
Income StatementBalance SheetStatement of Cash FlowStatement of Change in EquityNotes to Financial Statement
Which financial statement is primarily concerned with reporting the profit-related activities of a business?
Statement of Cash Flows
Who are the people that are interested in the financial statements of a business?
the people who are interested in the business financial statement are : -- the BIR -- the business's prospective investors -- the management -- the owner of the company/business hope this answer helps you
