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Financial Statements. Illustrate the process.

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* Illustrate the process for moving from transactions to the development of the income statement.
* The relationship between the balance sheet and the statement of cash flows. In what sense is the statement of cash flows a derivative statement of the balance sheet?
* The linkages between the income statement and the balance sheet.

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Solution Summary

See **attached EXCEL file** for illustration with several transactions shown in the accounting equation and how they development the three financial statements.

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See **attached EXCEL file** for illustration with several transactions shown in the accounting ...

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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