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Discuss the importance of making balance sheets and income statements publicly available.

Publicly available balance sheets allow you to see how a company is doing financially. Income statements reveal revenues and expenses over an extended period of time. This transparency helps you understand if the company is profitable and provides insights into its financial health. With this information, investors and shareholders can make more informed decisions about the company's future prospects.

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GinnyAnsweridn

Final answer:

Balance sheets and income statements are essential for understanding a company's financial health and making informed investment decisions.


Explanation:

Balance sheets and income statements are crucial financial documents that provide insights into a company's financial health. The balance sheet shows assets, liabilities, and net worth at a specific time, while the income statement indicates revenue, expenses, and profitability over a period.

Analysts use these statements to determine a company's financial performance, assess profitability, and make informed decisions about investments. Understanding these financial statements is essential for entrepreneurs and investors to gauge the viability and future prospects of a business.


Learn more about financial statements here:

https://brainly.com/question/51289814


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