different data. The most common financial tools are: income statement, retained earnings statement, balance sheet, and statement of cash flows. Income Statement Income statement is a report that shows success or failure over a specific time (Kimmel, Weygandt, & Kieso, 2009) . This revenue and expenses, and determine the net income of the business (Kimmel, Weygandt, & Kieso, 2009). This is important for investors, and management. The knowledge of success or failure through net income or loss allow for…
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