1. What four financial statements appears in most annual reports?

1.  What four financial statements appears in most annual reports?

2.  If a typical firm report $20 million of retained earnings on its balance sheet, could its directors declare a $20 million cash dividend without any qualms?

     Explain why or why not.

3.  Describe the changes in balance sheet accounts that would constitute sources of funds.  What changes would be considered uses of funds?

balance sheet,income statement,statement of stockholders' equity, andstatement of cash flows. 2 3