When those tendons are worn, torn, inflamed, or entirely ruptured, it hurts. The rotator cuff muscles act as tendons to hold the shoulder mechanism together with the arm. There are four of them, also known as the âSITSâ muscles: supraspinatus, infraspinatus, teres minor, serratus anterior.
The notes to the financial statements also must disclose claims by creditors against the assets of the company. The note shows how the company is financing present and future costs. It also gives the user of the financial statements a look at future cash flows, which can affect the payment of dividends.
Financial statements must be prepared in sequence because the information in one is needed for the next. The sequence of financial statements is: income statement, statement of retained earnings, balance sheet and statement of cash flows.