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Unformatted text preview: Income statement, earnings statement, balance sheet, and statement of cash flow. GAAP require more than one financial statement because each statement that is prepared is for different reasons one is to recognize revenues and the others for expenses. Each statement is made for different reasons and help in the accounting cycle....
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This note was uploaded on 11/21/2011 for the course ACC 280 280 taught by Professor Lindaking during the Spring '10 term at University of Phoenix.
- Spring '10