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what is the purpose of the income statement? What does it indicate? - to show stakeholders if the firm made or lost money during the period being reported it indicates how revenues are transformed into net income define: Revenue - the amount charged for the delivery of goods and services defin...

financial statement communicates what? - - financial condition - results of operations - various other activities of an organization how board of directors use financial data... - - hold management accountable - make board-level decisions about corporate strategy how company management uses fin...

Board of Directors - Hold management accountable and make board-level decisions about corporate strategy. Company Management - Measure performance and make strategic, operating and financial decisions Creditors - Measure creditworthiness, liquidity and bankruptcy Investors - Make decisions on b...

what is value - what people are willing to pay for (what the buyer pays) who said, "Value is what people are willing to pay for" - John Naisbitt 2 primary types of valuation - 1. relative valuation 2. intrinsic valuation relative valuation refers to what - methods that compare the price of a c...

What are the three financial statements, and what do they do - income statement, balance sheet, cf statement they communicate the finanical conditions, results of operations, and other activties of an organization. The three finanical statements provide info to various stakeholders. How does the...