1. What type of accounts are reported on the income statement?
2. Give two examples of each type of account on the income statement.
3. Identify any reasons why he should look more closely at the income statement.
4. What accounts appear on the Statement of Stockholders' Equity?
5. What type of accounts are reported on the balance sheet?
6. Give two examples of each type of account on the balance sheet
7. Is the balance sheet superfluous, or is there valuable information reported on it?