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According to IAS1: Presentation of Financial Statements, a complete set of financial statements comprises of five statements. What are they? What are the objectives of

According to IAS1: Presentation of Financial Statements, a complete set of financial statements comprises of five statements. What are they? What are the objectives of each statement? In addition, if you are a potential investor deciding whether to invest in a company, i.e. to purchase shares, do you think these five statements give you enough information to make the decision? Comment.

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