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Distinguish between the types of financial information contained in the various financial statements. Which statements...

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Accounting

Distinguish between the types of financial information contained in the various financial statements. Which statements provide information on a companys performance over a reporting period, and which presents data on a companys current position? What sorts of valuable informational may be found in the notes to financial statements? Describe a situation in which the information in the notes would be essential to making an informed decision about the value of the corporation.

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