Financial Statement Paper Alison Green ACC/290 February 27, 2013 Ilaine Newby Financial Statements Financial statements are used to determine the financial welfare and prospective earnings of an organization. These statements are often used by accountants, business owners, investors, and employees. In this paper, one will discuss the four basic financial statements: balance sheet, income statement, statement of retained earnings, and statement of cash flow. One will also describe the purpose of…
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