Question: Q 1 - what is Income statement ? Q 2 - what is balance sheet ? For the exclusive use of k . alsubaie, 2

Q1- what is Income statement ?
Q2- what is balance sheet ?For the exclusive use of k. alsubaie, 2023.
Page 2
Exhibit 1
General Hardware, Inc.
Balance Sheet
Liabilities and stockholders' equity
Accounts payable
Taxes payable
Long-term debt
Total liabilities
Common stock
Retained earnings
Total stockholders' equity
Source: Created by author.
Q1- what is Income statement ? Q2- what is balance sheet

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