
Financial Statements:
Financial statements are the accounting reports of any organization that are prepared with a purpose to disclose its past performance and also the assets and liabilities of the company along with the finances. These statements are prepared either on an annual basis or on a quarterly basis.
Income Statement
The income statement is one of the financial statements which show the financial health of a company. It is also known as the
Cash Flow Statement
The cash flow statement is one of the financial statements of a company. It shows the cash which flows in and out of a business for a particular period of time. It is based on the accrual basis of accounting and prepared on the quarterly basis.
To Identify:
The difference between the income statement and the cash flow statement.

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Chapter 2 Solutions
EBK FUNDAMENTALS OF CORPORATE FINANCE
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