ACCT 500 wk 1

  
Book: Foundations in Accounting, Finance, and Economics w/Connect
1st
Custom
McGraw-Hill
Reading 
Chapter 1:    Accounting: The Language of Business
Chapter 2:    Analyzing Business Transactions
Q.1 The Balance Sheet
What is the purpose of the balance sheet? Be sure to discuss the three key elements that make up the balance sheet.  How does the balance sheet relate to the income statement? 

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