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In chapter 3, we reviewed the accounting cycle/procedures by which corporations prepare their financial statements. In your opinion, which of the 4 financial statements (income
In chapter 3, we reviewed the accounting cycle/procedures by which corporations prepare their financial statements. In your opinion, which of the 4 financial statements (income statement, balance sheet, statement of retained earnings, cash flow statement) is the most important? Why? (There are no right or wrong answers in the discussion forum. You will receive merit for your thoughtful responses, whatever they are. Responses need not be lengthy.)
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