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The Village Charter School Handbook2590 Liner Road Santa Rosa, CA 95401www.villagecharterschool.net The Village Charter School admits students of any race, color, and national or ethnic origin. Revised

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What is general purpose financial statements?

General purpose financial statements are reports prepared by companies to provide information about their financial position, performance, and cash flows to external users such as investors, creditors, and regulators.

Who is required to file general purpose financial statements?

Companies, whether public or private, are required to file general purpose financial statements.

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General purpose financial statements are typically filled out by accountants or financial professionals following established accounting standards such as GAAP or IFRS.

What is the purpose of general purpose financial statements?

The purpose of general purpose financial statements is to provide useful information to external users for decision making purposes, such as assessing the company's financial health and performance.

What information must be reported on general purpose financial statements?

General purpose financial statements typically include a balance sheet, income statement, cash flow statement, and notes to the financial statements.

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