A set of financial statements for a company includes three statements
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A set of financial statements for a company includes three statements

QUESTION 2

A set of financial statements for a company includes three statements. List the names of three primary statements, and give a brief description of the accounting information contained in each of them.

Hint
Accounts and Finance The consolidation of financial statements require that investments use all the financial accounting concepts.  With consolidated financial statements, results can be shown in standard balance sheets, income statements, and cash flow statement reporting. Investors and clients find consolidated financial statements useful in gauging an entire entity’s position....
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