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    aastudent's Avatar
    aastudent Posts: 1, Reputation: 1
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    #1

    Dec 8, 2010, 08:09 PM
    Formal financial statements
    Does a formal financial statement have to be prepared when all info is on the worksheet?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 10, 2010, 03:37 PM

    Formal financial statements are prepared from the worksheet.

    If you are in an accounting class your homework will tell you if you are to prepare formal financial statements after you do a worksheet. If it is a consolidated problem, more than likely you will need to prepare formal financial statement after you prepare a worksheet.
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