Assume you are working part-time for a small business that does not make any use of financial

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Assume you are working part-time for a small business that does not make any use of financial statements. Based on your knowledge after studying Chapter 1, write the owner a brief business memo in good form that identifies the two major goals of a business. In the memo, explain how financial statements can help the owner achieve these goals. Be sure to tell which statements relate to each of the goals?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Principles of Accounting

ISBN: 978-0618736614

10th edition

Authors: Belverd Needles, Marian Powers, Susan Crosson

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