Wells Fargo Interview Question

How do the financial statements tie together and explain them?

Interview Answer

Anonymous

Jul 16, 2021

Go on the corporate finance institute and read about how they described them. Basically net income on the income statement flows into shareholders equity on the BS and into the top line of the CS statement. Cash flow = money flowing in and out; magnification of the cash account on the BS. Balance Sheet = the resources of the business Income Statement = profitability