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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 448 |
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It also states what the company does with the company's earnings.
References
Block, Stanley B, and Hirt, Geoffrey A. Foundations of Financial Management. New York: McGraw-Hill, 2005.
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Another financial statement is the Balance Sheet. It has two parts which should be equal (balanced) in value. The first part are the Assets and the second part are Liabilities and Equity combined. Both parts should be equal because each item of a company's assets can only be one of two things: it is either owed to somebody (liability), or it is claimed by a stockholder (owner's equity)...
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