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Evaluate the performance of a company

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Reference no: EM133206011

Accountants create what we call financial statements. Financial statements are reports that communicate the financial performance and financial position of the organization. In essence, the overall purpose of financial statements is to evaluate the performance of a company, governmental entity, or not-for-profit entity.

  1. For this assignment, explain how the following financial statements are used.
    • Income statement
    • Balance sheet
    • Statement of cash flows
  2. Describe the similarities and differences among these types of financial statements.

Reference no: EM133206011

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