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Financial Statements A business will construct its financial statements in a particular order because they are interrelated. This means that items formulated in an earlier statement feed into the subsequent moment, and changes to omson one financial statement can have compounding foots on the overall anotat position of company Which of the following is one reason the statement of owner's oquity is prepared after the income statement? mich of the following one reason the statement of owner's equity is prepared before the balance sheet