Specifically restrict certain partners liabilities

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Unformatted text preview: trict certain partners’ liabilities. specifically restrict certain partners’ liabilities. Previewing Financial Statements Previewing Companies prepare four financial statements from Companies prepare four financial statements from Companies Companies the summarized accounting data: tthe summarized accounting data: he the Income Income Statement Statement Owners’ Owners’ Equity Statement Statement Balance Balance Sheet Sheet Statement Statement of Cash Flows Flows Income Statement Income Inflows of assets in Inflows of assets in exchange for exchange for products and products and services provided services provided ttocustomers. o customers. Outflows or the Outflows or the using up of assets using up of assets tthatresult from hat result from providing providing products and products and services to services to customers. customers. Statement of Changes Statement in Owner’s Equity For corporations, instead of Withdrawals by Owner we For corporations, instead of Withdrawals by Owner we use the term Dividends.. Dividends represent use the term Dividends Dividends re...
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