Financial Statement
A financial statement is a document that summarizes a company's financial activities and performance over a specific period of time. It includes the income statement, balance sheet, and cash flow statement. The income statement shows the company's revenue, expenses, and net income or loss. The balance sheet shows the company's assets, liabilities, and equity at a specific point in time. The cash flow statement shows the inflow and outflow of cash during the period. Financial statements are important for investors, creditors, and other stakeholders to evaluate the financial health and performance of a company.
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