Analyze details of company financial statements

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Reference no: EM132966730

Below is the revenue and expenses for Town and Country Realty for year ended December 31, 2018. Using the numbers below, make a income statement.

Property Tax Expense 3,100 Advertising Expense 12,000
Insurance Expense 1,700 Interest Expense 6,600
Salaries Expense 64,000 Service Revenue 192,000
Rent Expense 7,000, answer the following questions in two separate paragraphs. Type the answer in complete sentences.

-Why is it important to analyze the details of a company's financial statements once they are prepared?

-Why is accurate information important in the operation of a business?

Reference no: EM132966730

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