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1,2 and 3 please QUESTION 1 The income statement provides what information to the user? O 1. Assets and liabilities of the company O2. Reports

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1,2 and 3 please
QUESTION 1 The income statement provides what information to the user? O 1. Assets and liabilities of the company O2. Reports the cash of the company including cash income from sales 3. Reports the profits and/or losses of the business through identifying the sales and expenses of a company O4 Records the sales of stock and the dividends declared QUESTION 2 A client's accounting records are unfamiliar to a new auditor, Where would a new auditor go to learn the names and number General Journal Chart of Accounts O Internal control flowcharts Inquire of the client QUESTION 3 In the Accounting Process, what steps are considered inputs? Transactions Occur, prepare documents O Prepare documents, record in journals, post to ledgers Prepare trial balance, post adjusting entries Prepare closing entries, prepare financial statements

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