IDNLearn.com is your go-to platform for finding accurate and reliable answers. Discover in-depth and reliable answers to all your questions from our knowledgeable community members who are always ready to assist.
Sagot :
Credit approval in a contract for deed addendum states the buyer will provide the seller a signed financial statement within 5 days of final acceptance of the contract. The buyer authorizes the seller to conduct credit checks.
What are financial statements?
Financial statements are a group of summaries of information regarding the cash flows, financial position, and financial results of an organization. They consist of the cash flow statement, balance sheet, and income statement.
The following are some uses for financial statements:
- to assess a company's capacity for producing cash and the sources and use of that cash.
- to ascertain if a company has the ability to pay down its debts.
- to monitor financial outcomes over time in order to identify any potential problems with profitability.
- to calculate financial ratios from the financial statements that can be used to assess the state of the enterprise.
- should look into certain commercial transactions specifics as described in the disclosures that go along with the statements.
To learn more about financial statements, visit:
https://brainly.com/question/19263880
#SPJ4
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.
