ACC 290 Week 1 Individual Assignment

May 1st, 2015
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California Southern University
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Here is the solution file for your accounting problems.You may buy it as your study guide and get good grades through researching more on this subject.

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ACC 290 Financial Statements UOPACC/290 Principles Of Accounting IUniversity of PhoenixFinancial statementsFinancial statements are used within a business to keep track of and document the organizations financial activities. They show items such as credits, debits, profit and loss. They provide information about a companys performance and financial position. The four basic financial statements are income statements, retained earning statements, balance sheet and statement of cash flow. Each financial statement serves a purpose to the organization. They may be useful to internal users such as managers and employees. They may also be useful to external users such as investors and creditors. Financial statement plays a vital role in an organizations success and should be done accurately (Kimmel, Weygandt, & Kieso, 2011).According to Kimmel, Weygandt, & Kieso the pu

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