What four statements are contained in most annual reports

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Reference no: EM131375984

1. What four statements are contained in most annual reports?

2. If a "typical" firm reports $20 million of retained earnings on its balance sheet, could its directors declare a $20 million cash dividend without any qualms whatsoever?

3. Explain the following statement: "While the balance sheet can be thought of as a snapshot of the firm's financial position at a point in time, the income statement reports on operations over a period of time."

Reference no: EM131375984

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