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Lecture 3

BUS 320 Lecture Notes - Lecture 3: Current Liability, Tax Bracket, Ordinary Income

5 Pages
15 Views
Spring 2018

Department
Business
Course Code
BUS 320
Professor
Chris Starkey
Lecture
3

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CH 3 Financial Statements, Cash Flows, and Taxes
The Annual Report
Balance sheet provides a snapshot of a firm’s financial position at one point in time.
Income statement summarizes a firm’s revenues and expenses over a given period of time.
Statement of cash flows reports the impact of a firm’s activities on cash flows over a given
period of time.
Statement of stockholders’ equity shows how much of the firm’s earnings were retained,
rather than paid out as dividends.
Overview of D’Leon INC
Snack food comp. underwent expansion in ‘15. Expansion results, unsatisfactory:
o Company’s cash position is weak.
o Suppliers are being paid late.
o Bank has threatened to cut off credit.
Balance Sheet: Assets
Balance Sheet: Liabilities and Equity
Income Statement:
Board of Directors has ordered that changes must be made.
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Other Data:
Statement of Stockholders’ Equity (2016)
Statement of Cash Flows (2016)
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Description
CH 3 Financial Statements, Cash Flows, and Taxes The Annual Report Balance sheet provides a snapshot of a firms financial position at one point in time. Income statement summarizes a firms revenues and expenses over a given period of time. Statement of cash flows reports the impact of a firms activities on cash flows over a given period of time. Statement of stockholders equity shows how much of the firms earnings were retained, rather than paid out as dividends. Overview of DLeon INC Snack food comp. underwent expansion in 15. Expansion results, unsatisfactory: o Companys cash position is weak. Board of Directors has ordered that changes must b. made o Suppliers are being paid late. o Bank has threatened to cut off credit. Balance Sheet: Assets Balance Sheet: Liabilities and Equity Income Statement:Other Data: Statement of Stockholders Equi
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