Concept explainers
To Determine:
Which company gives the earnings with high quality by using the given three notes?
Introduction:
The financial statement of the organization are the result of the accounting process that is prepared at the end periods of accounts. This gives the clear picture of the finance condition of the company with the specified date and the output of that statements is also given with its business operations.
The management of the company makes use of this financial statement to communicate in an explained way to their owners and stakeholders those may include investors, government, employees and the tax authorities. This in short is the company's annual report formally.
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