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1- What do businesses communicate to users through their income statements? Which types of accounts are found on the income statement? 2- What do businesses

1- What do businesses communicate to users through their income statements? Which types of accounts are found on the income statement?

2- What do businesses communicate to users through their Statement of Retained Earnings?

3- What do businesses communicate to users through their balance sheet? Which types of accounts are found on the Balance Sheet?

4-What is one difference between financial and managerial accounting that you didn't know, or that you found surprising?

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