The balance sheet provides all the information an analyst wants or needs about a firm's resources and the claims on those resources.

Question

Quizplus · Accepted Answer

While the balance sheet does provide important information about a firm's resources and liabilities, it may not provide all the information an analyst wants or needs. Other financial statements, such as the income statement and statement of cash flows, may also be necessary for a complete understanding of a company's financial situation.

The Balance Sheet Provides All the Information an Analyst Wants