Make Sure it you own work

Managers within the firm, as well as the firm's owners and lenders, keep track of the firm's performance by reviewing its financial statements - income statement, balance sheet, and statement of cash flows.

Instructions: There are 2 Parts to thisassignment.

• What are the purpose of the income statement? Identify the major types of expenses that are shown on the typical income statement.
• What are the purpose of the balance sheet? Identify the major types of assets and the claims of creditors and owners shown on the typical balance sheet.
• What are the three different accounts that comprise the owners' equity (also known as stockholders' equity) section on a typical corporate balance sheet?
• What are a statement of cash flows? Describe the three standard sections contained in a statement of cash flows.

APA7 and Turnitin are required. In the Assignment dropbox, please attach your paper as a file, do not copy & paste.

PART 2:Complete both the balance sheet and income statement exercises in the attached Excel file and submit as a file.Note:the file is auto submitted to Turnitin and will result in high score. Please disregard the score.

Please name your assignment files as LastnameFirstinitial-BUSN604 Week#

Name is Towanda Wimbush

Attachments

APA7 Updated Basic Grading Items 2023.docx(154.89 KB)
Student Paper Template APA 7th 2023.docx(28.68 KB)
BUSN604 Week 1 Assignment 2024.xlsx(17.87 KB)