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What is corporate financial statement?
It refers to the financial reports that help in recording the business activities of the corporate. The complete financial conditions and profitability of the corporate is summarized in the corporate financial statements including short term as well as long term statements.
Objective of financial statement
The primary aim of corporate financial statement is to state every information about the corporate including the performance, financial strength and weakness, financial positions and changes in the same.
Types of financial statements:
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