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ANSWER IN DETAIL, THE FOLLOWING QUESTIONS 1) Explain in detail the importance of analyzing financial statements. 2) Explain why the analysis of the Balance sheet

ANSWER IN DETAIL, THE FOLLOWING QUESTIONS

1) Explain in detail the importance of analyzing financial statements. 2) Explain why the analysis of the Balance sheet is important (What does the balance sheet tell the users?)

3) Explain each of the different sections (with examples of items under each section) of the balance sheet.

4) What the use of the notes section of the financial statements.

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