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    Usual order in which financial statements are prepared

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    What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?

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    https://brainmass.com/business/financial-statements/usual-order-in-which-financial-statements-are-prepared-259586

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    The usual order in which financial statements are prepared is
    1. Income Statement
    2. Statement of Retained Earnings
    3. Balance Sheet
    4. Statement of cash flows

    The ...

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    The solution explains the usual order in which financial statements are prepared.

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