How can financial statements be useful to the corporation?

as a deduction from total paid in capital

Managers use financial information from Income Statements for several purposes. If a company is in need of new employee's a manager must look at the financial statements in order to accurately decide...

Statement of financial position ( Balance sheet) , Statement of Comprehensive Income ( Profit and Loss Account or Income and Expenditure account), Cash flow statement.

Apple inc published accounting statements

'Financial statement' means a document showing credits and debits