CheckPoint: Financial Statements\n• Resource: Fundamental Accounting Principles, Ch. 1\n• Due Date: Day 5 [post to the Individual forum]\n• Consider that you have been asked to explain financial statements to someone who\nknows nothing about accounting.\n• Review the information on financial statements in Ch. 1 of Fundamental Accounting\nPrinciples.\n• Discuss, in 200 300 words, each of the four financial statements. Explain the different\ncomponents of the statements as well as what the statements tell about a business.\n
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