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Financial statements are prepared: A)Only for publicly owned business organizations. B)For corporations, but not for sole proprietorships or partnerships. C)Primarily for the benefit of persons

Financial statements are prepared: A)Only for publicly owned business organizations. B)For corporations, but not for sole proprietorships or partnerships. C)Primarily for the benefit of persons outside of the business organization. D)In either monetary or nonmonetary terms, depending upon the need of the decision maker

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