Your friend comments i just ignore the income statement

Assignment Help Financial Accounting

Reference no: EM13378949

Your friend comments, "I just ignore the income statement when I'm making an investment decision. All I care about is the cash, so that the company can pay me dividends. The balance sheet tells me about the cash the company's got; the cash flow statement tells me about its changes in cash. Who cares about the income statement? It's just a bunch of inaccurate stuff loaded with estimates." Do you agree with your friend's remarks about the income statement and its lack of importance? Explain why or why not.

Reference no: EM13378949

Questions Cloud

Asume the following is-lm modele expenditure sectorsp c : assume the following is-lm modele expenditure sectorsp c i g nxc 110 23ydyd y - ta trta 14y 20tr 80i 250 -

Wondra supplies showed the following selected adjusted : wondra supplies showed the following selected adjusted balances at its december 31 2010year-endaccounts

Suppose you are currently earning 15 an hour if the : suppose you are currently earning 15 an hour. if the inflation rate over the current year is 10 percent and your firm

Suppose that two economies initially have the same level of : suppose that two economies initially have the same level of real income and both suffer unanticipated declines in their

Your friend comments i just ignore the income statement : your friend comments i just ignore the income statement when im making an investment decision. all i care about is the

Suppose that a perfectly competitive firm faces a market : suppose that a perfectly competitive firm faces a market price 10 per unit and at this price the upward-sloping portion

You are required to read the following statement issued by : you are required to read the following statement issued by icaa institute of chartered accountants in australia and

There are two invididuals the first individual a has the : there are two invididuals. the first individual a has the utility function ua x12 x22 xgt0 and endowment

For an existing business obtain detailed financial : for an existing business obtain detailed financial operating statements for a minimum of three years-and preferably

User Account

All Pages