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Which stakeholders is the income statement

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Reference no: EM132450610

Which stakeholders is the Income Statement more important for and which is the Balance Sheet more important for?

What is the purpose of a Balance Sheet for not-for-profits?

If you did a balance sheet for your personal finances, would it be useful, and would it tell you?

Between liquidity and solvency, if you were going to lease expensive equipment to the practice, which of these would you be concerned with, and why?

What are assets and the three major categories of assets?

What is the difference between liabilities and equity? What makes a liability a current liability and give some examples. What is the difference between long-term debt and notes payable?

What is the statement of cash flows, and how does it differ from the income statement? What are the three major sections of the statement of cash flows? What is the bottom line of the statement of cash flows, and how important is it?

Attachment:- Making Your Balance Sheet Work For You.rar

Reference no: EM132450610

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