How are the four financial statements interrelated

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Reference no: EM133373181

Questions: As a business owner, discuss at least one item (account) reported on the income statement that would help you make decisions about future business operations. In addition, choose 1 of the questions below to answer based on your response:

What are two items (accounts) from the balance sheet that you would track on a regular basis? Why?
What are two elements on the statement of cash flows that you and your business partner would find informative and useful as decisions about the future are made?
How are the four financial statements interrelated? Which line items are used to prepare other statements?
In your opinion, explain which financial statement you think is the most useful?

Reference no: EM133373181

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