A set of financial statements: a. Is intended to assist users in evaluating the financial position, profitability,

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A set of financial statements:

a. Is intended to assist users in evaluating the financial position, profitability, and future prospects of an entity.

b. Is intended to assist the Internal Revenue Service in determining the amount of income taxes owed by a business organization.

c. Includes notes disclosing information necessary for the proper interpretation of the statements.

d. Is intended to assist investors and creditors in making decisions involving the allocation of economic resources.

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Financial And Managerial Accounting

ISBN: 12

14th International Edition

Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka

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