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Explanation of the three basic financial statements

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Provide an explanation of the three basic financial statements, namely, the balance sheet, the income statement, and the statement of cash flows. Analyze the relation between change in equity, the net income, and the cash flows from investing activities, during a period. Please describe and provide examples demonstrating your understanding of retained earnings, in which financial statement it is recorded, and under which category.

Reference no: EM132622137

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