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How financial statements are prepared

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Reference no: EM132615497

Problem 1: Financial statements are prepared:

Select one:

Option a. Only for publicly owned business organizations.

Option b. For corporations, but not for sole proprietorships or partnerships.

Option c. For the benefit of both business managers and persons outside of the business organization.

Option d. In either monetary or nonmonetary terms, depending upon the need of the decision maker.

Reference no: EM132615497

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