Sophia Finance Unit 1 Challenge 2.docx - Sophia Principles...

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Sophia Principles of Finance Unit 1 Challenge 2 1 — Introducing Financial Statements Steve needs to know whether his company made money or lost money in the last quarter of 2019. What type of financial statement should he look at?
How can you determine a company's total assets from a balance sheet?
3 — The Statement of Cash Flows Under GAAP, how would the purchase of equipment be accounted for on the statement of cash

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