Building upon Worksheet C, you will be researching, reviewing, and providing insight on financial and accounting statements. Before actually reviewing these financial and accounting statements, it is paramount to know what these statements are about, how they are created, and why they are important. Here, you are building your own foundation of financial and accounting statements. This will serve you significantly in worksheets to come in future modules. Address the following questions: 1. What is the purpose of the Balance Sheet? What information is included within the Balance Sheet? Why is this information important to management and investors? . What is the purpose of the Cash Flows statement? What information is included within the Cash Flows statement? Why is this information important to management and investors? What is the purpose of the Income Statement? What information is included within the Income Statement? Why is this information important to management and investors? What is the purpose of the Statement of Stockholders? Equity? What information is included within the Statement of Stockholders? Equity? Why is this information important to management and investors? Lastly, refer back to the page numbers that you identified in Worksheet C from the Index to the Consolidated Financial Statements on page 56 of the Annual Report. Copy and paste those page numbers into this section. This is to ensure that you know exactly where to locate those statements, as you will be reviewing those statements in your next worksheet. If you are having trouble locating those pages, let your instructor know.
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