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Your textbook presents financial statements in both the Vertical Statement Model and the Horizontal Statement...

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Accounting

Your textbook presents financial statements in both the Vertical Statement Model and the Horizontal Statement Model. How do they differ?

Which model would be presented to external users of financial statements? Why?

Which model would be used by the internal users of financial statements? Why?

How are the Income Statement, Statement of Changes in Stockholder's Equity, Balance Sheet and Statement of Cash Flows connected?

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