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Essay text:
According to the University of Phoenix 2006, "An entity's financial statements are the end product of a process that starts with transactions between the entity and other organizations and individuals."
Connie Rochce started a cookie business in November 1986. Developed was a business plan and place people to assist. Connie was concerned, needed was someone to maintain the financial accounts. Aunt Connie's Cookies, financial statement for November and December are reviewed along with a suggestion to expand her operation.
The transactions in Connie's financial statement addressed the balance sheet, income statement and statement of cash flows...
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