Statement concerning the income statement

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Discuss and identify how the four basic financial statements are important, and how they are interrelated with each other, and why they are useful to managers, investors, creditors, and employees.It has to be 700-1050 words. I really need some input on this.

Also,I would mainly like to know the interrelationship of each statement concerning the income statement,statement of retained earnings,the balance sheet,and the statement of cash flows.I would like examples of how a change in one statement would refect and show up in the other statements.

Reference no: EM13153934

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