Week 3 DQ - What is the component that links the three main...

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Week 3 DQ Do the debits and credits on the income statement columns balance? Why or why not? What is the difference between a classified and unclassified balance sheet? What types of accounts need closing?
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Unformatted text preview: What is the component that links the three main financial statements? Explain how? Why does GAAP require more than one financial statement?...
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This note was uploaded on 06/19/2011 for the course FIN 402 taught by Professor Sandymcdonald during the Spring '11 term at University of Phoenix.

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