For many individuals, the time period financial statement” conjures up the tables of data that seem close to the top of annual reports. Whereas it’s true that publicly traded corporations are required to open their books to shareholders” in annual 10-ks and quarterly 10-Qs, financial statements play an necessary position in planning lengthy-time period strategy and tactical spending choices for business homeowners and managers throughout the year. By all standards, this was a horrible depression. It was deep, it was broad, and it was lengthy; 12 years lengthy. Simply suppose how that may go over in today’s political setting. While there may be in all probability nothing that might have been finished to prevent such a strong financial downturn, if clever minds had prevailed as an alternative of political ones, it would not have been as unhealthy.
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