Question
the fifth step in the accounting cycle is the preparation of the first draft of financial statements: 1. Balance Sheet 2. Income statement 3. Statement
the fifth step in the accounting cycle is the preparation of the first draft of financial statements:
1. Balance Sheet
2. Income statement
3. Statement of Owner's Equity
4. Statement of Cash Flows
explain why the income statement is prepared first and why the balance sheet is more useful to investors.
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Accounting Information Systems
Authors: James A. Hall
5th Edition
0324312954, 9780324312959
