Question: Planning a new company using and creating your financial statements. Choose a new company that you plan to form. Each section is worth 20 points.

Planning a new company using and creating your financial statements. Choose a new company that you plan to form. Each section is worth 20 points.

1) Describe the types of resources (assets) needed by a new product company during its development and start-up stages. Comment on likely income and expenses during these early stages of the life cycle.

2) Create a description for the same company and prepare a basic balance Sheet Balance / SHEET BALANCE.

3) Describe and prepare a basic income statement / INCOME STATEMENT

4) Prepare YOUR cash flow / CASH FLOW statement and explain how it helps to monitor a company's cash.

5) You must make the ratios / ratios for the company using the financial statements that you have created. House cleaning services References please

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