There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a different aspect of the business.

Through the Great Depression and the current recession, despite the Enron and Arthur Andersen meltdowns and a slew of legislation, the balance sheet – an indicator of a company’s health – has remained ...

Joseph Nguyen is a contributing author at Investopedia and a research analyst with experience at a securities brokerage firm. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...