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In your opinion, which financial statement (statement of financial position or income statement) is more indicative of financial wellbeing of the company? Would you prefer

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In your opinion, which financial statement (statement of financial position or income statement) is more indicative of financial wellbeing of the company? Would you prefer to concentrate more on financial position (statement of financial position) or financial performance (income statement) of the company and why? You should clearly state the reasons for your choice

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