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In what order are these three statements prepared

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Question - Four financial statements are usually prepared for a business. The statement of owner's equity (SOE), the Statement of Financial Position (SFP), and the Statement of Profit or Loss (SPL) are prepared in a certain order to obtain information needed for the next statement. In what order are these three statements prepared?

a. SPL, SOE, SFP

b. SFP, SPL, SOE

c. SOE, SPL, SFP

d. SPL, SFP, SOE

Reference no: EM132944477

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