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1) The Accounting Equation is employed to make the organizations financial reports.

a) describe what assets value would be if Liabilities are $12,000 and Owners' Equity is $50,000 by showing the Accounting Equation.

b) Give an illustration of two asset accounts which could contain the value. 

2) The financial statements present a company to the public in financial terms.

a) Which financial statement must be made first and why?

b) Describe what information this financial statement gives. 

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M923698

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