Description Statement or Report Summarizes a companys assets, liabilities, and stockholders equity at a specific point in time. Accounts for all revenues and expenses over an accounting period. Reconciles (1) the amount of stockholders equity recorded at the beginning of the reporting period, (2) changes during that period, and (3) the amount of stockholders equity at the end of the reporting period. Is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects. Gives details about the companys cash at the beginning of the year and what is left at the end of

Description Summarizes a company's assets, liabilities, and stockholders' equity at a specific point in time. Accounts for all revenues and expenses over an accounting period. Reconciles (1) the amount of stockholders' equity recorded at the beginning of the reporting period, (2) changes during that period, and (3) the amount of stockholders' equity at the end of the reporting period. Is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects. Gives details about the company's cash at the beginning of the year and what is left at the end of the year, including some details about where cash was generated and where it was used during the course of the year. Statement or Report