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I understand th accounting equation is: Liabilities + Stock Holders' Equity = Assets How do you prepare the four financial statements using the equation? Statements
I understand th accounting equation is: Liabilities + Stock Holders' Equity = Assets How do you prepare the four financial statements using the equation? Statements are: 1. income statement 2. retained earnings statement 3. balance sheet 4. statement of cash flow Do you have a helpful reference with step by step instruction and examples? financial statements are created. Statements include income statement, retained earnings statement, balance sheet and statement of cash flows
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