Financial statements help in calculating the value of the firm and also show the position of the business. Financial statement includes three statements: 1. The balance sheet (along with shareholder’s equity statement). 2. The income statement. 3. Cash flow statement. To discuss: The source of finance for the increase in value of assets in 2019.

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Chapter 12, Problem 98.3C

To determine

Introduction:

Financial statements help in calculating the value of the firm and also show the position of the business. Financial statement includes three statements:

1. The balance sheet (along with shareholder’s equity statement).

2. The income statement.

3. Cash flow statement.

To discuss:

The source of finance for the increase in value of assets in 2019.

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