Review a fictional companies financial reports; their income statement, cash flow statement, or their balance sheet. Explain, what you are looking at. What these statements are about and briefly differentiate the 2 companies? Explain what these statements tell us in general. Basically, what is the point of these statements?

Answer rating: 100% (QA)

Answer INCOME STATEMENT Income statement or profit and loss account is one of the financial statemen... View the full answer