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Unformatted text preview: 3. Ending balance is needed for the retained earnings statement Clicker Question: A net loss will result during a time period when Expenses exceed Revenues Clicker Question: which financial statement is prepared as of a single date? Balance Sheet US Companies that are publicly traded must provide shareholders with an annual report which includes: 1. Managements Reports 2. Notes to the financial statements 3. Auditors Report Clicker Question: Which of the following parts of an annual report would give management views on the companys financial position? Management Discussion and Analysis *ALL THE SLIDES FROM CLASS ARE ON MOODLE...
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