Question: Considering the accounting cycle, when do we prepare financial statements? What is on the Income Statement? What is on the Balance Sheet? What is on

Considering the accounting cycle, when do we prepare financial statements?

  • What is on the Income Statement?
  • What is on the Balance Sheet?
  • What is on the Statement of Retained Earnings?
  • What is on the Statement of Cash Flows?
    • Why is the statement of cash flows so important?

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