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This post addresses financial statement worksheets.

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What is the main purpose of a financial statement worksheet and its benefits?

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Solution Summary

The solution provides a detailed discussion examining the purpose of a financial statement worksheet, including its benefits. References are also provided.

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The worksheet acts as a guide in the preparation of the financial statements, but it is not included in the financial statements, nor is it directly a part of the financial statements. The benefits are that management is able to work from the worksheet to reconcile numbers to the ...

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