Please respond to the following question:

A.

After reviewing the three financial statements (balance sheet, income statement, and statement of cash flows), discuss which financial statement you find most useful. Explain why you have chosen this statement and provide specific examples of the information that the statement includes

Use APA writing format

B.

1. Why does every accounting transaction have two effects?

2. What is the relation between a T-account and a journal entry?

3. What distinguishes noncurrent assets from current assets?

4. What is the purpose of using contra accounts?

5. What is the alternative to using contra accounts?

Your assignment should be submitted in a Word document and follow proper APA

This assignment should be approximately two pages in length.