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In: Economics

The stakeholders of every business -- employees, managers, owners, governments, the public -- want information about...

The stakeholders of every business -- employees, managers, owners, governments, the public -- want information about the firm's financial health. Accordingly, companies maintain three basic financial statements reflecting that firm's activity and financial condition.

1. What are those three statements and what information do they contain? Be specific.

2. Discuss the kinds of accounting specialists that participate, and those that may not participate, in preparing those statements.

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Rahul Sunny answered 2 years ago
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