A financial statement that lists the ... In other words, the balance sheet must balance. Subtracting liabilities from assets shows the net worth of the business A basic tenet of double-entry ...

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External stakeholders use it to understand the overall health of an organization as well as to evaluate financial performance and business value. Companies use the balance sheet, income statement ...

Understanding cash flow statements is important because they measure whether a company generates enough cash to meet its operating expenses.

Operating cash flow reflects the cash transactions from core business activities ... make available to shareholders -- the income statement, balance sheet, and cash flow statement.