The financial statements present a company to the public in financial terms. (1) Which financial statement should be prepared first and why and (2) explain what information this financial statement provides.
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xxx xxxxxxxxx xxxxxxxxxx xxxxxxx a company xx xxx xxxxxx xx financial terms.
xx xxxx xxxxx xxxxxxxxx statements xxx
xxx xxxxxx xxxxxxxxxx
statement of owner's equity,
balance xxxxxx xxx
statement xx xxxx xxxxxx
xxx xxxxxx xxxxxxxxxx xxxxxxxxx of owner's equity, xxx xxxxxxxxx xx cash xxxxx report xxxxxxxx for x xxxxxxxx period of xxxxx xxxxxxx x month, quarter, or xxxxx
xxx balance xxxxx xxxxxxx balances of certain xxxxxxxx xx a specific time.
(1) Which financial statement xxxxxx be prepared first and why and
xxxxxx xxxxxxxxxx xx is also xxxxxx xxx xxxxxxxxx of earnings or xxxxxxxxx of xxxxxxxxxxx is prepared xxxxxx xx xxxxx revenues xxx xxxxxxxx and calculates xxx company's xxx xxxxxx xx xxx xxxx for x xxxxxx of xxxxx
xx xxxxx xxx the expenses and losses xx xxx debit xxxx xxx xxx xxx xxxxxx xxx gains xx the xxxxxx side.
xxx revenues xxxxx xx the xxxxx that the company generates. xxx expenses would cover various operating items, xxxx as the xxxx xx inventory, utilities and xxxx related
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