Firm first financial statement

Assignment Help Financial Management

Reference no: EM131915129

1. Investment analysis is based upon _____ because ____.

Net Income; it goes to the owners and lenders

after-tax cash flow; it is the only time the owners can claim the cash

Retained Earnings; it goes into the Equity

None of the above.

2. A firm's first financial statement is the _______.

Balance Sheet

Income Statement

Modified Income Statement

Statement of Cash Flows

Reference no: EM131915129

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