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Preparing an Income Statement, Retained Earnings Statement, and Balance Sheet (Example)

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Financial Analysis [Name of Writer] [Name of Institution] Preparing an Income Statement Retained Earnings Statement and Balance Sheet There is four essential kind of financial statements. The main the type of financial statement is the pay statement which indicates incomes and costs for Elite Service Company over a specific period. The second statement is a held income explanation. The retained earnings statement compresses the progressions in held income that have happened during a specific period. The third financial explanation is the financial record statement which reports resources liabilities and stockholders' value of Elite Service for a specific period. The last type of financial explanation is the income statement. This announcement abridges data on cash flows and out flows for a specific period. Every one of the four of these is vital with regards to maintaining a business and ought to be utilized as a part of the right request individuals/organizations. This can incorporate MasterCard obligation or advances. Tip top Services Co. has a duty of $12 500.00. The partner value demonstrates the sum that was at first put resources into the organization and any sum contributed from that point. It additionally demonstrates the held income that the organization has made. Elite Services Co at first contributed $22 100 and earned $2 100 which makes Elite Services Co worth $36 700. Both situations demonstrate that Elite Services Co profited their first month in business. Situation 2 was the better situation with an extra $1 100. On the off chance that Elite Services remains on this track they ought to do later on. References Betenson T. (n.d). Retrieved from http://How to Read Your Business’s Balance Sheet Bragg S. (2015). The purpose of the income statement. Retrieved from H. (n.d). How to Read and Analyze an Income Statement. Retrieved from Earnings. (n.d). Retrieved from of Retained Earnings. (2016). Retrieved from [...]

Order Description:

Instructions are also attached. Prepare an income statement, retained earnings statement, and balance sheet ( I have done this and it is attached) analyzing your findings using the questions below, in a total of 1,050 words: Briefly address whether the company's first month of operations was a success. Discuss the company's decision to distribute a dividend. Please read chapter 1 and two this is where we get the assignments from. It explains alot

Subject Area: Accounting

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $30

Words 1100

Pages 4

Completed in 10 days

Expert prof.writing

Client Review

I received and A+ on this assignment. I rated 4/5 because the writer originally lied and said they would complete and give it back the same day and that did not happen so beware. I did receive before my deadline though. There were a lot of grammatical errors which I fixed. But overall great work.


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