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What is the importance of working capital in the financial statements and for financial statement analysis? Discuss the matching concept and its importance to income
- What is the importance of working capital in the financial statements and for financial statement analysis?
- Discuss the matching concept and its importance to income reporting.
- How is the balance sheet useful to investors?
- Explain how comprehensive income is consistent with the all-inclusive concept of accounting.
- Explain how comprehensive income is consistent with the financial capital maintenance concept. Give examples to support your decision.
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