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B. While the four financial statements (i.e. income statement, balance sheet, cash flows and statement of changes in equity) contain a lot of information, they
B. While the four financial statements (i.e. income statement, balance sheet, cash flows and statement of changes in equity) contain a lot of information, they don't tell the readers everything they may need to know about a company. Additional information can be found in the notes to the financial statements. Explain the following notes and provide TWO (2) examples for each. i) The summary of significant accounting policies. (6 marks) ii) ) Subsequent events. (6 marks)
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