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I have case to solve. The first question I need to answer is: How would you have reported on operations of Maria Hernandez & Associates

I have case to solve. The first question I need to answer is: How would you have reported on operations of Maria Hernandez & Associates through August 31, 2001? Had the company made a profit? How would you report the status of business on August 31, 2001? For this questions do I need to create Balance and Income statement? If you could please give me some advices, because it is the first time I am trying to solve case.

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