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Income statement Balance Sheet Cash flow Retained earnings 1.What are the ethical requirements of the preparation of these statements? 2.What are the different governing bodies

Income statement

Balance Sheet

Cash flow

Retained earnings


1.   What are the ethical requirements of the preparation of these statements?


2.   What are the different governing bodies and legislation over accounting?


3.   What types of companies must comply with accounting governance? Why? Give an example.

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