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Develop an income statement.

Develop an income statement. Instructions for Discussion post #1: In Week 1, you developed a personal balance sheet. Now, you will develop an income statement. Complete the following:Develop 5–10 transactions that include receiving income and paying expenses, such as rent, insurance, salaries, water, electric, internet, etc.Record these transactions as journal entries.Post the journal entries to … Read more

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Explain how each selected stakeholder may use financial statements to make decisions related to the company.

Explain how each selected stakeholder may use financial statements to make decisions related to the company. In your reading this week, you learned about external financial statement users or stakeholders. Common examples include: Current stockholdersPotential investorsCreditorsSuppliersCustomersAuditorsTaxing authoritiesSelect two of the stakeholders listed above and address the following points: Explain how each selected stakeholder may use … Read more

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