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This gives you details about how to evaluate the way a company is shifting. The economic statements are supplied for a specific time frame and submitted on a specific day. The profits assertion provde the success for the working and non working periods when the balance sheet gives the economic status at the conclusion of a financial expression. Because managers are eager to know whether or not the company is progressing in a positive or unfavorable way, there must be a comparison among the figures of the existing yr and previous decades. To enable you to make this kind of comparison, a comparative Investigation of financial statements is needed.
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