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In: Accounting

The four basic financial statements are: Balance Income cash flow retaining earnings WHICH ONE IS THE...

The four basic financial statements are:

Balance

Income

cash flow

retaining earnings

WHICH ONE IS THE MORE IMPORTANT SOURCE OF INFORMATION TO THE OWNER IF ANY.

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Expert Solution

Retained earnings

It shows the actual income the company has earned after paying the dividend. Retained earnings provides the more important source of information to the owner’s because it shows how much money is available for reinvestment purpose and how much money is available to pay dividend to the owner’s.

ekkarill92 answered 2 years ago
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