Lets say i could onl Study guides, Class notes & Summaries
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Investment Banking 400 Questions With 100% Correct answers 2024
- Exam (elaborations) • 44 pages • 2024
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Walk me through the 3 financial statements. - Correct Answer "The 3 major financial statements are the Income Statement, Balance Sheet and Cash 
Flow Statement. 
The Income Statement gives the company's revenue and expenses, and goes down to 
Net Income, the final line on the statement. 
The Balance Sheet shows the company's Assets - its resources - such as Cash, Inventory 
and PP&E, as well as its Liabilities - such as Debt and Accounts Payable - and 
Shareholders' Equity. Assets must equa...
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