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Financial Statement – Explained + Examples

March 15, 2023March 15, 2023 Young Entrepreneur accountants, accounts payable, accuracy, Apple Inc., assets, auditors, Balance sheet, business, cash, cash flow statement, Cost of goods sold, creditors, end of period, equipment, equity, expenses, financial health, financial performance, financial position, financial statement, financing activities, fiscal year, formal document, income statement, inflows, informed decisions, inventory, investing activities, investors, issuing bonds, liabilities, Long-term debt, losses, Microsoft Corp., net income, operating activities, operating expenses, operations, outflows, payments, period of time, point in time, profit and loss statement, profits, property, quarter, repurchasing shares, revenue, sales revenue, shareholders, stakeholders, suppliers, Walmart Inc.

A financial statement is a formal document that shows the financial performance and position of a business. Financial statements are

Financial Default – Explained + Examples

February 27, 2023February 27, 2023 Young Entrepreneur assets, bankrupt, Bankruptcy, borrower, business, collateral, corporate bond, court, credit card holder, credit cards, credit score, debt obligations, debts, default, devaluation of currency, economic downturns, economic instability, financial difficulty, financial hardship, Financial management, garnishing wages, government, government bonds, homeowner, individual, interest, interest rates, late fees, legal action, lender, manage, minimum monthly payment, mortgage payments, mortgages, payments, personal loans, principal, principal payments, reorganization, repay, responsibly, restructuring, seek assistance, student loan, tax refunds, wage garnishment

Default refers to a situation where an individual, business, or government fails to make payments on their debt obligations. When

Debt – Explained

February 24, 2023February 28, 2023 Young Entrepreneur agreement, assets, Bankruptcy, bonds, borrowing, businesses, consequences, credit cards, credit scores, debt, financial institutions, financial obligations, financing, funds, governments, individuals, interest, investing, loans, manage, mortgages, pay back, projects, prudently, public services, time

Debt is the term used when someone owes money to another person or entity. This can be individuals, businesses, or

Capital – Explained

February 17, 2023February 17, 2023 Young Entrepreneur access, assets, buildings, capital, capitalism, economy, equipment, experience, financial capital, government grants, growth, human capital, investing, knowledge, land, loans, machinery, money, physical capital, savings, skills, wealth

Capital is the stuff that people use to create wealth, like money, equipment, and other assets. There are different types

Balance Sheet – Explained Simply

February 15, 2023February 15, 2023 Young Entrepreneur accounting equation, assets, Balance sheet, bills, cash, cash flows, company, creditors, equipment, equity, expenses, financial health, financial situation, financial statement, financial trouble, invest, investors, liabilities, loans, net income, net worth, profits, property, revenue, risk, shareholders, snapshot

A balance sheet is a financial statement that shows what a company owns, what it owes, and how much money

Simple definition of “Assets” – Business

August 11, 2021October 15, 2022 Abdallah Alaili asset, assets, definitions

An asset is anything of value that can be converted into cash. Individuals, companies, and governments own assets. For companies, an