Resource: Fundamental Accounting Principles, Ch. 1
Consider that you have been asked to explain financial statements to someone who knows nothing about accounting.
Review the information on financial statements in Ch. 1 of Fundamental Accounting Principles.
Discuss, in 200-300 words, each of the four financial statements. Explain the different components of the statements as well as what the statements tell about a business.
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Checkpoint: Financial Statements
Resource: Fundamental Accounting Principles, Ch. 1
Consider that you have been asked to explain financial statements to someone who knows nothing about accounting.
Review the information on financial statements in Ch. 1 of Fundamental Accounting Principles.
Discuss, in 200-300 words, each of the four financial statements. Explain the different components of the statements as well as what the statements tell about a business.
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