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What is the concept of financial reporting why is it

1. What is the concept of financial reporting? Why is it important to external users that the financial reporting be consistent and transparent?

2. List and define the four different financial statements and their primary users.

3. How does one determine which form of business is most suitable?

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Accounting Basics: What is the concept of financial reporting why is it

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Accounting Basics: What is the concept of financial reporting why is it

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