Gibson Cervantes
06/12/2024 · Elementary School
The three most important statements mostly used by busisnesses to make decisions for their day-to-day operations. A. The balance sheet, income statement, and statement of cash flows. B. The balance sheet, income statement, and statement of retained eamings C. The balance sheet, income statement, and statement of changes in equity D. The income statement, statement of cash flows, and statement of changes in equity.
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The correct answer is:
A. The balance sheet, income statement, and statement of cash flows.
These three financial statements are essential for businesses to assess their financial health, profitability, and cash management, which are crucial for day-to-day operations and decision-making.
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A. The balance sheet, income statement, and statement of cash flows.
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