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The long-term success of a company is of particular interest toboth internal and external users of financial statements. Thelong-term success can be highlighted through the types of assetsthey have along with the Retained earnings of the company. Theliabilities are however a direct reduction of these two items. Howwould you go about indicating to investors that all accountbalances are valid and free from potential errors? What types offinancial records and information would you use to support yourclaims? Explain. (Please give a thoroughexplanation.)
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