Intro To Buisness

Intro To Buisness

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  • Not yet, I just finished the Balance Sheet
  • Frank, Did you finish that Income Statement?
  • Did you hear what this Fiscal Year end statement is?
  • Frank told me it was a huge Net Income, but we should ask Lizzie
  • Hey Lizzie! Is it true that there was a huge Net Income?
  • I don't think so, I heard it was a huge Net Loss! But we will have to wait for Frank to finish
  • All I need to do is use the Accounting Equation to finish this up!
  • It's a huge Net Income!
  • So Frank, Whats the news? Is it Net Income or Net Loss
  • As long as you have the Assets, Liabilities, and Owner's Equity you should be all good!
  • Cathy! Did I do my Balance Sheet correctly?
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