Question: Describe what accounting equation (A = L + E) represents and which financial statement it represents. explain how the income statement, the balance sheet, and

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

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.

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