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Financial Statement

By Jean Murray, About.com

A Financial Statement is a document reporting business financial performance and resources. Some common financial statements are:

  • A balance sheet, showing a business's assets, liabilities, and owner's equity or retained earnings.
  • An income statement, showing the sales and expenses of a business over a period of time.
  • A cash flow statement, showing the cash in and out of a business over a period of time.
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