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Pick one key item from any one of the following financial statements: Income statement...

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Question

Accounting

Pick one key item from any one of the following financial statements:

  • Income statement
  • Balance sheet
  • Statement of owners equity
  • Cash flow statement

For example, you could pick "Net income", or "Total assets" or "Net cash flow from operating activities", etc. Present an argument in less than 10 sentences why your item of choice conveys important information about the performance of the firm.

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