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- Financial Statements & Fundamentals Concepts What is the accounting cycle? What are debits and...

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- Financial Statements & Fundamentals Concepts What is the accounting cycle? What are debits and credits? When do you debit an account and when do you credit an account? What items show up on the income statement, balance sheet, and statement of cash flows? What are assets, liabilities, and equity? What makes them different? What are revenues, expenses, gains, and losses? What makes them different

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