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Which of the three basic accounting statements

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Reference no: EM133559306

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There are three basic accounting statements, as follows: Profit and Loss Statement Balance sheet Statement of cash flows Each statement provides valuable data for users of financial information. Imagine that you are operating a small business. Which of the three basic accounting statements do you feel would the most important in your day-to-day operations? Why do you feel this accounting statement is the most important?

Reference no: EM133559306

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