In a Company's Annual Report, the Reader Will Find a Company's

question 14

Essay

In a company's annual report, the reader will find a company's income statement, statement of changes in stockholder's equity, balance sheet, and statement of cash flows. These financial statements can help the reader to answer specific questions.
Required:Identify which financial statement would be most useful in answering the following questions. If more than one financial statement can answer the question, identify all applicable statements.
1)How much cash was collected from customers in partial settlement of accounts receivable during the current year?2)What was the total amount of land owned by the company?3)What was the total revenue earned by the company during the most recent year?4)What were the types of claims that the company has against its assets?5)What was the total amount of cash received by the issuance of common stock?6)Was the company profitable during the most recent year?7)What was the amount of cash dividends paid to the stockholders during the most recent year?8)What was the total amount of cash borrowed by the company during the most recent year?9)What was the ending balance of retained earnings?10)What was the amount of change in the cash balance during the current year?