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1.What is the purpose of the notes to the financial statements? 2.Provide the information disclosed in the notes in order of their presentation. 3.When do

1.What is the purpose of the notes to the financial statements?

2.Provide the information disclosed in the notes in order of their presentation.

3.When do we consider entities as related parties?

4.Define and provide at least five (5) examples of related party transactions.

5.When are events considered to be subsequent events?

6.What are the types of subsequent events? Provide at least three (3) examples of each.

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