Question: CH 2: Financial Statements 20 points maximum score i) Explain 3 reasons why companies prepare Income Statements. i) Explain 3 reasons why companies prepare Balance

CH 2: Financial Statements 20 points maximum score i) Explain 3 reasons why companies prepare Income Statements. i) Explain 3 reasons why companies prepare Balance Sheets. ii) Assume that you do NOT wish to become an Accountant. Explain 3 reasons why you should be interested in understanding Income Statements and Balance Sheets

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1. Identify three approaches to culture.

f. What was your neighborhood like? Discuss your answers with classmates. Analyze how your own cultural position is unique and how it is similar to that of others.

2. Define communication.