Homework Answers
| Answer is How long the business has been in operations. | ||||||||||
| Explanation: | ||||||||||
| Financial statement reflects the net income/loss earned during the financial period. | ||||||||||
| What all assets firms owns and also states the various liabilities of business which has to pay. | ||||||||||
| However, it cannot be inferred from the financial statement of the period that how long be the business in operations. | ||||||||||
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