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Explain in your own words why the four financial statements (balance sheet, income statement, statement of owners' equity, and statement of cash flows) all are
Explain in your own words why the four financial statements (balance sheet, income statement, statement of owners' equity, and statement of cash flows) all are critical for accountants and nonaccountants to understand. Provide an example to illustrate how the information might be used differently by accountants and non accountants. Include discussion on the value of these statements when analyzing a company to assess both the financial and the nonfinancial information.
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