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1. In your opinion, which step(s) of the accounting cycle is/are the most important and why? 2. In your opinion, which financial statement is the

1. In your opinion, which step(s) of the accounting cycle is/are the most important and why?

2. In your opinion, which financial statement is the most important? Income Statement, Statement of Owners Equity or Balance Sheet. Explain why.

3. In your opinion, which financial statement is of most interest to investors?

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