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A companys financial statements consist of the balance sheet, income statement, and statement of cash flows. Describe what each statement tells us. Explain the difference

A companys financial statements consist of the balance sheet, income statement, and statement of cash flows. Describe what each statement tells us. Explain the difference between GAAP and IFRS. Choose the financial statement that you consider most important to a business leader and explain why your choice is most important.

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