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how are financial staments useful

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Issue:

Business

 

Written by:

Della H

 

Date added:

March 8, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2512

 

Was viewed:

1297 times

 

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Essay content:

Financial statements may be drawn up for private individuals, non-profit organizations, retailers, wholesalers, manufacturers and service industries. The nature of the enterprise involved dramatically affects the kind of data available in the financial statements. The purposes of the user dramatically affect the data he or she will seek...
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The purposes of the user dramatically affect the data he or she will seek. KINDS OF FINANCIAL STATEMENTS The balance sheet provides the user with data about available resources as well as the claims to those resources. The income statement provides the user with data about the profitability of the enterprise detailing sources of revenue and the expenses which reduce profit...
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