financial statements

  • Which of the required financial statements explain the difference between two balance sheet dates?
  • Describe how these financial statements explain the difference between two different balance sheets completed on different dates.
  • Do you agree or disagree with the statement: “Because many estimates are used in the preparation of financial statements, the statements are not a meaningful and accurate measurement of the financial position of a company.” Why/why not?
  • Is the use of estimates in accounting ethical? Why/why not?

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