Mora Stanley is an aspiring entrepreneur and your friend. She is having difficulty understanding the purposes of

Question:

Mora Stanley is an aspiring entrepreneur and your friend. She is having difficulty understanding the purposes of financial statements and how they fit together across time.

Required

Write a one-page memorandum to Stanley explaining the purposes of the four financial statements and how they are linked across time.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...