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Income statement and balance sheet quizlet. Start studying balance sheet income statement accounts. Choose from 500 different sets of balance sheet income statement flashcards on quizlet. Learn vocabulary terms and more with flashcards games and other study tools. Start studying accounting balance sheet or income statement quizlet.
Learn vocabulary terms and more with flashcards games and other study tools. Current assets most commonly used by small businesses are cash accounts receivable inventory and prepaid expenses. The balance sheet shows a company s total value while the income statement shows whether a company is generating a profit or a loss. Start studying chapter 3 income statement and balance sheet.
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Learn vocabulary terms and more with flashcards games and other study tools. Financial statements balance sheet income statement. For example the period may be a month a quarter or a year.
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