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800 WORDS

Write a paper in which you do the following:

  • Identify the 4 basic financial statements.
  • Describe the purpose of each of the 4 financial statements.
  • Discuss the types of accounts that are found on each statement.
  • Discuss how the financial statements would be useful to internal users, such as managers and employees.
  • Discuss how the financial statements would be useful to external users, such as investors and creditors.

Format the paper consistent with APA guidelines.

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