Explain why different entities will organize the presentation of their financial statements in different ways (use different
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Explain why different entities will organize the presentation of their financial statements in different ways (use different formats). For example, why would some companies present a lot of detail in their statements, whereas others might present as little as possible? In answering, consider different users and uses of the statements.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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