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Development of Project 3: Lecture/Seminar on Preparing Income Statement, Balance
Sheet, & Statement of Cash flow
Preparation of income statement, balance sheet, and statement of cash flow was
discussed and presented by Ms. Lilian O. Sidamon and Ms. Vienna Mi A. Feranil. They
discussed the identification of initial capital, assets and liabilities, payables, income, circulating
money on business and return of investment.
Ms. Sidamon during the discussion of Statement of Cash Flow
Ms. Feranil while discussing Income Statement and Balance Sheet
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