ho3 Axsigrnment - Finandal Statements Cash How, and Taxes What happened to assets, carnings, dividends, and cash flows during the financial year? Toand (KASH), which is a nongovermmental, protessional standards body that monitors accounting practices and evaluates coetroversiat isoues. The Securbes and Dichange Commission (SEC) requires all publidy traded comparies to periodically report thedr financial information. A putficty held comporation must puthis an annual report that contains the balance sheet, income tatement, staterient of cash flows, statimerit of stodiblders' equity, and other finandial informatice for analysis. The following table lists descriptions of the major finandal statements and reports that a firm publshes. Identify the correct statement of inort for oach description. oseboes atout its performarice. Indicate which finandal atatensent would be the most helpful in answering the questions in the folioning tatio; Accotuntants focus on creating financial statements, whereas finance professionals mostly use these statements to evaluate a firm and answer questions about its performance. Indicate which financial statement would be the most helpful in answering the questions in the following table: The annual report is very important for investors, because the information contained in the annual report: Shows the prices at which each investor purchased the company's stocks and bonds. helps investors forecast expected eamings and dividends