question1:In your own words (do not rewrite a textbook), state
the accounting equation and define each of its terms.? question2:
You have a company’s balance sheet, its income statement, and its
statement of cash flows. Which would you refer to if you wanted to
know: 1. If a company made a profit last year? 2. If you wanted to
find out whether the firm had any intangible assets? 3. If you
wanted to know why its cash balance had changed over the past
year?