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In this chapter the four major financial statements were presented. If you were thinking of investing in a company, which financial statement would you be
In this chapter the four major financial statements were presented. If you were thinking of investing in a company, which financial statement would you be most interested in reviewing (because it presented the most/best information for you to assess the company's current financial health)?
Required:
Name the financial statement,
identify the data shown on the statement and
describe the financial statement's purpose.
(There is no 'right' answer.) For the financial statement you choose, support your choice.
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