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Financial Statements

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Title: Financial Statements

Essay Details:

Subject: Business

Author: Melvin H

Date: September 10, 2013

Level: University

Grade: A

Length: 2 / 431

Essay text:

The relationship between both categories are where the balance sheet comes from and the assets must be in balance. Income statements On this format, the business will show how successfully has been doing during a period of time. It reports their revenues and expenses, their success or failure. The net income is determined by deducting expenses from revenues. Retained earnings statements This format will indicate how much of previous income was distributed to the owners on their business in the form of dividends and how much was retained to allow the business growth future. Its shows the amount of net income retained by the company during the period of time...

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