Individual Financial Statement - Cathay Bank 2025

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A personal financial statement is a document that provides information about an individuals financial situation. Individuals use personal financial statements to monitor their money and debt, which helps them create financial plans and goals.
Personal financial statements can be for individuals or households, and they commonly include two parts: A balance sheet that lists a persons assets, liabilities, and net worth. An income statement that shows sources of income and total annual income.
The financial statements are used by investors, market analysts, and creditors to evaluate a companys financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.
5 steps to prepare your financial statements Step 1: gather all relevant financial data. Step 2: categorize and organize the data. Step 3: draft preliminary financial statements. Step 4: review and reconcile all data. Step 5: finalize and report.
Cathay Bank (traditional Chinese: 國泰銀行; simplified Chinese: 国泰银行; pinyin: Guti Ynhng) is a Chinese American bank founded in 1962. Cathay is headquartered in Chinatown, Los Angeles, with a corporate center in nearby El Monte, California.
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List your assets: Identify and value all your assets using current market values for investments and real estate. List your liabilities: Include all your debts, noting the remaining balances and interest rates. Calculate your net worth: Subtract your total liabilities from your assets to determine your net worth.

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