Solved: What is the purpose of income statements cash flow, Accounting Basics

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What is the purpose of income statements cash flow

Problem

What is the purpose of income statements, cash flow statements, balance sheet, and statement of retained earnings, and how do they all relate to each other? What are some of the major line items on each statement? Which document is the most important when looking at the financial stability of health of a company?

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Accounting Basics: What is the purpose of income statements cash flow

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