An integrated financial statement further shows how the income statement affects the balance sheet. In this example, the company has $10,000 in cash and $5,000 in capital stock on hand.
Academia.edu is a platform for academics to share research papers.
The main 3 Business Financials are the balance sheet, the income statement, and the cash flow statement. These are the top financials that business owners, business managers, and lending institutions look at.
Aug 28, 2011 · How does an increase in accounts receivables affect all three financial statements? How does an increase of $10 affect the income statement, statement of cash flows, and the balance sheet? Assume a tax rate of 40%. Is this right: Revenue would increase $10, assuming a tax rate of 40%, net income would increase $6 on the income statement. As with the income statement and balance sheet, you can find cash flow statements for any public company on a financial website like Morningstar or Yahoo Finance, or from the “Investor Relations” section of the company’s website.