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What determines the order of the information shown on the balance sheet and why is order...

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Finance

  1. What determines the order of the information shown on thebalance sheet and why is order important?
  2. Which of the numbers in the income statement is considered tobe most important? Why?
  3. What effect can improper and illegal actions of a firm have onthe financial statements, stock prices, and the entire globaleconomy?

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Transcribed Image Text

What determines the order of the information shown on thebalance sheet and why is order important?Which of the numbers in the income statement is considered tobe most important? Why?What effect can improper and illegal actions of a firm have onthe financial statements, stock prices, and the entire globaleconomy?

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