Task: For each financial statement, i.e. Balance Sheet , Statement of Income, Statement of Stockholders Equity and Statement of Cash Flows :
- Summarize what the purpose of the financial statement is .
- Provide a brief outline of how you would read the financial statement . What would be important to you when you are reading the statement and why. What line items would you focus on and why. How would you use the financial statement to help you make decisions.