00:01
So let's go over this question.
00:02
What type of information does each financial statement provide? so the different types of statement would be the income statement balance sheet and retained earnings statement and a statement of cash flow.
00:54
The income statement measures a company's financial performance over a specific accounting period.
01:37
The balance sheet summarizes a company's assets, liabilities, and shareholders ' equity at a specific point in time.
02:50
So next we have retained earnings.
02:55
It reconciles the beginning and ending retained earnings for the period using information like net income from other financial statements.
03:52
Cash flow is a quarterly financial report.
03:57
Any publicly traded company is required to disclose to the sec and the public.
04:04
It provides aggregate data regarding all cash inflows the company receives from both ongoing operations and external investment flows, as well as cash outflows that pay for activities and investments in a given quarter.
04:58
What financial statements would natalie need in order to evaluate whether biscuits has enough cash to meet current liabilities? she needs to look at biscuits ' balance sheet.
05:20
She needs to see if income will meet or exceed their liabilities.
05:55
So accounts such as cash, inventory, or property are on the asset side of the balance sheet.
06:11
So that's what we have, basically.
06:32
And liability side, we have accounts payable or long -term debt, for example...