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How is fixed assets and current assets defined

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Reference no: EM132585571

Question 1: What is the difference between accrual basis and cash basis of accounting?

Question 2: Which financial statement will allow you to determine the Gross Margin or Net Margin ?

Question 3: How is time defined between Balance Sheet and Income Statement?

Question 4: How is Fixed Assets and Current Assets defined?

Question 5: Why do we need to prepare the Cash Flow statement when we have Income Statement?

Question 6: What impact does Tax have in the Financial Statements?

Reference no: EM132585571

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