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Please describe the purpose of the Balance Sheet and the interrelationship between the balance sheet and the other major financial statements that we covered in

Please describe the purpose of the Balance Sheet and the interrelationship between the balance sheet and the other major financial statements that we covered in this class. In your answer, please also address which financial statements should be created before the Balance Sheet, if any, and which financial statements need to be completed after the Balance Sheet, if any.

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