Not all financial statements are made the same. In fact, almost none of them are made the same! Financial statements are like snowflakes. They come in just as many shapes, sizes, and formats as there are businesses to create them. At first glance this might sound strange. One would think that accepted accounting principles, such as GAAP and IFRS, would help standardize this. However, there is also flexibility left to business in how they share this data.
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