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What is the importance of working capital in the financial statements and for financial statement...

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Accounting

  1. What is the importance of working capital in the financial statements and for financial statement analysis?

  1. Discuss the matching concept and its importance to income reporting.

  1. How is the balance sheet useful to investors?

  1. Explain how comprehensive income is consistent with the all-inclusive concept of accounting.

  1. Explain how comprehensive income is consistent with the financial capital maintenance concept. Give examples to support your decision.

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