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How should an accountant prepare a contractor statement using the Generally Accepted Accounting Principles (GAAP)?

April 26, 2017Accountant Accounting contractor GAAP prepare Principles

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How should an accountant prepare a contractor statement using the Generally Accepted Accounting Principles (GAAP)?

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• Accountants Letter indicating the method the statement was done (signed & dated) • Balance Sheet (Assets & Liabilities) • Income Statement/Statement of Earnings • Statement of Changes in Owner’s Equity • Statement of Cash Flow • Notes to the Financial Statement