1.The income statement, balance sheet, and statement of cash flows are three major financial statements that present varying snapshots of an organization’s financial position. In your opinion, which financial statement offers the clearest snapshot of how the organization is doing? Why?
Answer in about a paragraph and then reply to post below within 2-3 sentences. ( DO NOT write summary please,i need answers numbered as it is presented in questions.)
2.The financial statement is the considered the cornerstone of a corporation’s accounting, so I would say that this is the most important of the three overall; however, from an investor’s perspective, the income statement and cash flow statement would give a better overall picture of the health of the company by showing liquidity and cash flow issues.