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1) be able to prepare uncomplicated versions of the four basic financial statements included in an annual report using accrual basis accounting and generally accepted

1) be able to prepare uncomplicated versions of the four basic financial statements included in an annual report using accrual basis accounting and generally accepted accounting principles:

a. mutiple-step income statement

b. statement of retained earnings (part of statement of stockholder's equity)

c. classified balance sheet

d. statement of cash flow - using the indirect method

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