Question: 1. What is the difference between the balance sheet and the income statement? 2. Which statement is formed by profits, revenues and expenses? 3. The

1. What is the difference between the balance sheet and the income statement? 2. Which statement is formed by profits, revenues and expenses? 3. The cash flow statement is made of cash from which 3 activities? 4. Explain what MD&A stands for and its objective 5. Define paid-in capital

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