1st Exam - #1 - gains, and losses in a period. Resulting...

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1. The Balance Sheet – provides a perspective of the entity’s assets, liabilities,  records and entries show future economic benefits, sacrifices/debts from  obligations, and the residual interest in the remaining assets 2. The Income Statement – informs you of the entity’s revenues, expenses, 
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Unformatted text preview: gains, and losses in a period. Resulting into the net income for an entity for a specific period. 3. Statement of Cash Flows reports the earnings, as well as forecast funds. It explains the change during the period in cash and cash equivalents....
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This note was uploaded on 11/02/2010 for the course ACCT ACCT440 taught by Professor Mcbride during the Spring '10 term at Elizabeth City.

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