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What is a balance sheet? 2. What is an income statement? 3. What else, besides and income...

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Finance

What is a balance sheet?

2. What is an income statement?

3. What else, besides and income statement and balance sheetmight a lender request from a business wishing to borrow money?

Answer & Explanation Solved by verified expert
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1A balance sheet tells you want the business owns and owes It includes assets liabilities equity capital and debt A balance sheet is used to make important financing decisions 2The income statement tells you how much money the    See Answer
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What is a balance sheet?2. What is an income statement?3. What else, besides and income statement and balance sheetmight a lender request from a business wishing to borrow money?

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