As a business owner, discuss at least one item (account) reported on the income statement that would help you make decisions about future business operations. In addition, choose 1 of the questions below to answer based on your response: • What are two items (accounts) from the balance sheet that you would track on a regular basis? Why? • What are two elements on the statement of cash flows that you and your business partner would find informative and useful as decisions about the future are made?

Answer rating: 100% (QA)

One of the critical items reported on the income statement that would greatly aid business owners in making decisions about future operations is the Net Profit or Net Income Net profit represents the ... View the full answer