Week 10 Reading Reflection

Reading Reflection

1. I found it interesting that all of the expenses of a business are divided up among different documents rather than compiled into one. The balance sheet, the income statement, and the cash flow statement are all separate but equally important.

2. I was confused by the process of a pro forma statements versus the original formats of the documents.

3. I would ask why business owners separate these documents instead of making them one document. I would also ask what is the best of the most common forms of capital budgeting.

4. I don't know enough about this topic to suggest the author was wrong, however I think he could have expounded on some elements of the text to make them clearer.