There are four financial statements: (1) Income Statement; (2) Owner’s

 

There are four financial statements: (1) Income Statement; (2) Owner’s Equity Statement; (3) Balance Sheet; and (4) Statement of Cash Flows. Each of these statements provides important financial information to both internal and external users.  

  • Choose two of the above-mentioned statements and identify how internal and external users can use the information from those statements to make decisions

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