What financial statement would you analyze to determine if a company distributed any of its profits to its shareholders?
statement of cash flows
If the firm has sufficient funds to pay liabilities.
it is combined statement of parent company and subsidary company
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
a consolidated financial statement
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.
To determine the amount of dividends paid by a company, you can look at the company's financial statements, specifically the statement of cash flows or the statement of changes in equity. The dividends paid will be listed as a line item in these statements, showing the total amount distributed to shareholders during a specific period.
a consolidated financial statement
The income statement.
Generally sales are listed on the Income Statement. The Income Statement is the financial statement that the company uses to find it's Net Profit or Loss. This includes all sales, minus cost of goods sold, allowances for returns, expenses and other accounts that affect the bottom line.
To check on the financial position of the company eg: payables and receiveables