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Essay

Four Basic Financial Statements

Essay specific features

 

Issue:

Business

 

Written by:

Alma B

 

Date added:

April 7, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 953

 

Was viewed:

603 times

 

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Essay content:

What are these financial statements and what do they mean to the reader? Do the financial statements mean something completely different to an investor, creditor, and employee? The first of the financial statements is the income statement. The income statement states the revenues and expenses in an understandable way that shows a clear picture of net income or net loss for the organization during a specific period...
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The main purpose of the income statement is to show how profitable an organization is and where there is room for improvement in that profitability. When one reads the income statement, he or she will see the revenues listed first then the expenses of the organization. The last item on the statement is the net loss or net income...
displayed 300 characters

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