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Briefly describe each of basic financial statements listed below. With each one show howit reflects the activity and financial condition of a business. Cite source

Briefly describe each of basic financial statements listed below. With each one show howit reflects the activity and financial condition of a business. Cite source with each explanation.

Also include what might be seen on each type of statement using the business example you used with the discussion forum in this unit.

  • Income Statement

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