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Describe the purpose of each of four financial statements

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Problem 1: Identify the 4 basic financial statements. Discuss the types of accounts that are found on each statement.

Problem 2: Describe the purpose of each of the 4 financial statements.

Problem 3: Discuss how the financial statements would be useful to internal users, such as managers and employees.

Problem 4: Discuss how the financial statements would be useful to external users, such as investors and creditors.

Reference no: EM132968884

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