________ is interested in information about past profits and financial position.

Owner

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Government

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Bank

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None of the above

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Solution

The correct option is A Owner
Everyone in business must keep records. Keeping good records is very important to business. Good records will help owner do the following:
Monitor the progress of your business
Prepare your financial statements
Identify sources of your income
Keep track of your deductible expenses
Keep track of your basis in property
Prepare your tax returns
Support items reported on your tax returns.

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