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3 . Describe the four financial statements and how they are prepared. A . Income Statement 1 . Broad overview of statement and its use

3. Describe the four financial statements and how they are prepared.
A. Income Statement
1. Broad overview of statement and its use
2. Note important calcs and totals
B. Retained Earnings Statement
1. Broad overview of statement and its use
2. Note important calcs and totals
C. Balance Sheet
1. Broad overview of statement and its use
2. Note important calcs and totals

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