Assignment
Answer each question sepertaly. Is not a paper.
1. Explain the concept of comprehensive income.
2. What are the required financial statements?
3. What is an example of an unrealized gain?
4. Check out this website and discuss with your fellow classmates what you found advantageous to this site.
https://smallbusiness.chron.com/advantages-preparing-cash-flow-statement-using-direct-method-23694.html
5. What are the three classifications of cash flows and explain their uses?
6. Locate a Statement of Cash Flows online and share the link with your fellow classmates. Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?
7. What are some common ratios used to analyze financial information? Which are the most important? What are some examples of how ratios are used in the decision making process?