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please help Which of the following is a reason for the initial need for financial statements? As lending became more complex, physical inspection of assets
please help Which of the following is a reason for the initial need for financial statements? As lending became more complex, physical inspection of assets was not always possible. No investments were made on a share-of-profits basis. Factory owners did not need reports to see how effectively their enterprises were being run. All of the above statements are true
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