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Basic Financial StatementsEssay Preview: Basic Financial StatementsReport this essayBasic Financial StatementsKrystal GruenewaldACC/290January 28, 2013Jon MohrBasic Financial StatementsThere are four basic financial statements used by corporations, which are income statement, retained earnings statement, balance sheet, and statement of cash flows. The income statement sheet shows whether a companys operation is failing or succeeding within period of.