accounting

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describe a balance sheet, income statement, retained earnings statement, and statement of cash flows?


How does a company use these financial statements to make future business decisions?

  • accounting -

    Please check your text for descriptions of those terms. I'm sure those are the descriptions your instructor wants.

  • accounting -

    For the second part of that question, Companies use these financial statements to see if they're making more than the expenses they have to pay. This allows them to improve on their sales, and hopefully make better decisions in the future.

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