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A balance sheet is reported on a particular date in time and details exactly what a company owns and what it owes. Income statements look at an era of time like a month, quarter or year and are reports showing the outcome of operations for the accounting period. Statement of cash flows covers the same period of time as the income statement and details the sources of the organizations inflows and outflows...
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A balance sheet is reported on a particular date in time and details exactly what a company owns and what it owes. Income statements look at an era of time like a month, quarter or year and are reports showing the outcome of operations for the accounting period. Statement of cash flows covers the same period of time as the income statement and details the sources of the organizations inflows and outflows...
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