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Unformatted text preview: Gary Washington ACC 201 Module 2 SLP I have to make three financial decisions based on my own personal financial situation. It takes me forever to do these assignments because I really can’t grasp the concept of what is actually wanted. In the bottom of SLP it asks for my ability to create three financial statements on my own but in the top it tells me to assume that I have developed a complete set of financial statement. I want to do this but I am not sure what to do so I will attempt to get this done because I am surely falling behind so it is better to move forward than to continue to lag behind. If I was to make three decisions the financial statements I would use would be a balance sheet, income statement, and a statement of cash flows. A balance sheet is a statement of your financial position at a given time. This helps you because at any given time you know exactly where you are with you liability and equity. Knowing those can’t tell you all about your assets. If you have more equity than liability this will give you and income which can you all about your assets....
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This note was uploaded on 09/18/2011 for the course ACC 201 taught by Professor Garywashington during the Spring '11 term at Trident Technical College.
- Spring '11