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    Financial Accounting
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    Exam 1: The Role of Accounting in Decision Making
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    Financial Statements Are Prepared After an Entity's Transactions Are Analysed
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Financial Statements Are Prepared After an Entity's Transactions Are Analysed

Question 21

Question 21

Multiple Choice

Financial statements are prepared after an entity's transactions are analysed and recorded.Which of the following reports is NOT one of the required financial statements?


A) Income statement
B) Statement of drawings
C) Balance sheet
D) Cash flow statement

Correct Answer:

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