Assignment 5/2: Compare and contrast the importance of the level of detail needed in the Balance Sheet and Income Statement for a privately held company, a publicly traded company (single product), and a company with a consolidated balance sheet. What may

Assignment 5/2: Compare and contrast the importance of the level of detail needed in the Balance Sheet and Income Statement for a privately held company, a publicly traded company (single product), and a company with a consolidated balance sheet. What may ethical dilemmas arise in financial statement preparation and presentation? Requirements: Should be 250-350 words long with proper punctuation, capitalization, and grammar. Support your discussion with at least three scholarly or professional journal articles written in the UNITED STATES OF AMERICA within the last five years cited in APA format. Consult the grading rubric in the Faculty & Course Info section to ensure you are meeting the assignment's criteria, as this information in conjunction with the rubric will be used to assess your work.