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What is the defendants statement in court?

After pleading guilty, a defendant is typically offered a formal opportunity to address the court to express remorse, and explain personal circumstances that might be considered in sentencing. This is known as an allocution statement.

What is the legal definition of financial statements?

Financial statements are reports that contain and summarize financial and accounting information about a business and that provide information regarding the financial position and performance of an entity throughout a specific accounting period (commonly a calendar year).

What is a financial statement for a person?

A personal financial statement, also known as a personal financial summary, is a snapshot in time a clear picture of where you stand financially at any given moment.

What are the 4 types of financial statements?

Financial statements provide an overview of a companys financial health to stakeholders. The four primary types of financial statements are: balance sheet, income statement, cash flow statement, and statement of shareholders equity.