Why is a statement of changes in net worth rather than an income statement prepared for an

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Why is a statement of changes in net worth rather than an income statement prepared for an individual? How does the statement of changes in net wozth differ from an income statement?

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Financial Accounting A Decision Making Approach

ISBN: 9780471328230

2nd Edition

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

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