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How Are Financial Staments Useful

how are financial staments useful

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Title: how are financial staments useful

Essay Details:

Subject: Business

Author: Catherine E

Date: August 28, 2013

Level: University

Grade: A

Length: 9 / 2512

Essay text:

Financial statements may be drawn up for private individuals, non-profit organizations, retailers, wholesalers, manufacturers and service industries. The nature of the enterprise involved dramatically affects the kind of data available in the financial statements. The purposes of the user dramatically affect the data he or she will seek. KINDS OF FINANCIAL STATEMENTS The balance sheet provides the user with data about available resources as well as the claims to those resources. The income statement provides the user with data about the profitability of the enterprise detailing sources of revenue and the expenses which reduce profit...

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