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In a brief paragraph or two, explain the 4 financial statements, their purpose and what order they are prepared in. Please be descriptive of why

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In a brief paragraph or two, explain the 4 financial statements, their purpose and what order they are prepared in. Please be descriptive of why each statement is prepared in that particular order and what information flows from each financial statement t the next one. should have a complete answer as well as answer or respond back to a fellow poster

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