Use these questions as a guide when you read the textbook. Read the book and view the Powerpoint slides so that you can best answer the questions. Use your own words without copying directly from the book and use unique examples. Chapter 1 Questions 1. Describe the three primary forms of business organization and list three advantages and three disadvantages of each. 2. Identify the users of accounting information. Give an example of how do they use this information. 3. Give an example of the three types of business activity. 4. Describe the content and purpose of each of the four financial statements. 5. Define assets, liabilities, and stockholders' equity, and state the basic accounting equation. Give an example of each