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Describe what is on an Income Statement and a Balance Sheet Identify 3 Current Assets and 3 Non-Current Assets Identify 3 Current Liabilities and 3

  1. Describe what is on an Income Statement and a Balance Sheet

  1. Identify 3 Current Assets and 3 Non-Current Assets

  1. Identify 3 Current Liabilities and 3 Non-Current Liabilities

  1. What does GAAP stand for? Give 3 examples of GAAPs

  1. It is often said that accounting is the language of business: based on what you now know, why do you think that statement is true?

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