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How do I read a financial statement?
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Reading a financial statement can be an intimidating task. To make it easier, start by familiarizing yourself with the key terms used in financial statements such as assets, liabilities, equity, income and expenses. You should also become familiar with the different types of financial statements that may be included in a company's annual report, such as the balance sheet, income statement, cash flow statement, statement of changes in equity, and statement of comprehensive income. Once you have done this, you can begin to analyze each section of the financial statement to gain insight into the company's financial performance.