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. In one sentence describe the purpose of the 1) income statement and the 2) balance sheet. 3) After a company pays off its short-term

. In one sentence describe the purpose of the 1) income

statement and the 2) balance sheet. 3) After a company pays off its short-term liabilities, income taxes, and dividends to shareholders, in which section of the balance sheet is the remainder of the profit represented

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