Income Statement, Balance Sheet, and Cash Flow Statement
These are the three financial statements that show the performance and health of a business. The income statement shows how much revenue and profit a business makes over a period of time. The balance sheet shows what assets and liabilities a business has at a point in time. The cash flow statement shows how much cash a business generates or spends over a period of time.
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In this video, William Ackman, a billionaire investor and founder of Pershing Square Capital Management, explains the basics of finance and investing.
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