Explain how the income statement and the balance sheet

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Reference no: EM133008767

Comprehensive Learning Assessment

Describe what accounting equation (A = L + E) represents and which financial statement it represents.

In addition, in a 4-6-page, APA-formatted paper, explain how the income statement, the balance sheet, and the cash flow statement are connected.

Finally, explain what working capital is and how someone can assess financial performance of working capital using the balance sheet and the cash flow statement.

Make sure you include and use a minimum of three peer-reviewed, academic, or business resources, plus the textbook in your paper.

Reference no: EM133008767

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