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Answer two questions separately, APA style. please finish at 23:00 Eastern time. DQ 1: Review the fictitious company Balance Sheet in Chapter 2: Table 2.1 in the textbook and Income Statement in...

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Answer two questions separately, APA style.
please finish at 23:00 Eastern time.

DQ 1: Review the fictitious company Balance Sheet in Chapter 2: Table 2.1 in the textbook and Income Statement in Chapter 2: Table 2.2 based on a fictitious company.

● What do you believe the significance of each of these is for financial management?

● Why did you answer the way you did?



Answered Same Day Sep 04, 2022

Solution

Rochak answered on Sep 05 2022
56 Votes
The financial statements are significant for any financial management company as it gives the firm knowledge about the company, and also give an indication of how the company is performing which helps in decision making which is required for investments. Also, the income statement tells the financial management about the cu
ent year on the profitability matter, and where is the company spending the money it is earning in the form of revenues. Whereas the balance sheet...
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