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Week 7 DQ 1
What do you think is the major purpose of financial statements? Why?
Explain what type of information can be derived from each statement.
List references if you use a source other than the text.
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Week 7 DQ 2
Why is budgeting so important? What are the appropriate uses of a
budget? How can budgets be mismanaged or misunderstood? What are some
criteria you would use to choose between a fixed and a flexible budget?
Explain your answers.
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