p). which of the following relationships cannot be derived from the accounting equation

1 Assets - Liabilities = Shareholder's Equity.

2 Shareholder's Equity + Liabilities = Assets.

3 Assets - Shareholders Equity = Liabilities.

4 Liabilities + Assets = Shareholders Equity.

q). An income statement communicates information regarding revenues and expenses:

1 For a period of time.

2 At a given point in time.

3 For some point of time in the future.

4 At the beginning of the fiscal year