BizTerm Definition
Financial Reports
Full Definition

Reports commonly required from applicants request for financial assistance, e.g.: 1. Balance Sheet - A report of the status of a firm's assets, liabilities and owner's equity at a given time. 2. Income Statement - A report of revenue and expense which shows the results of business operations or net income for a specified period of time. 3. Cash Flow - A report which analyzes the actual or projected source and disposition of cash during a past or future accounting period.

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