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Problem 1: Which of these financial statements provides information about sources and uses of cash?
a- None of the others alternatives are correct
b - Cash flow statement
c - Income statement
d - Income Statement and Balance Sheet
e- Balance sheet
Problem 2: If a business declared $500 dividend, it would appear on which of the following?
a- Statement of retained earnings only
b- Balance sheet only
c- None of the others alternatives are correct
d- Income statement only
e- Statement of retained earnings and cash flow statement
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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