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i) Explain 3 reasons why companies prepare Income Statements. ii) Explain 3 reasons why companies prepare Balance Sheets. iii) Assume that you do NOT wish

i) Explain 3 reasons why companies prepare Income Statements.

ii) Explain 3 reasons why companies prepare Balance Sheets.

iii) Assume that you do NOT wish to become an Accountant. Explain 3 reasons why you should be interested in understanding Income Statements and Balance Sheets.

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