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Your audit team is reviewing the second quarter financial statements of Sparks, Inc., a publicly traded company. The audit senior, Will, thinks the client may
Your audit team is reviewing the second quarter financial statements of Sparks, Inc., a publicly traded company. The audit senior, Will, thinks the client may have omitted an important item and has asked you to research whether interim financial statements are required to include earnings per share amounts. Prepare an email responding to Wills question. Comment on any other potential ramifications of Sparks, Inc.s omission that come to mind, which you can offer to research.
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