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Which of the following best describes why firms produce financial statements? to forecast future performance of the fim to use as a tool when planning
Which of the following best describes why firms produce financial statements? to forecast future performance of the fim to use as a tool when planning future investments within the tim to show what activities the company has undertaken in the previous financial sear, and what activities are planned for the near future investors, financial managers, and creditors rely on financial statements to obtain reliable information about a firm
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