Question 1: Discuss the potential benefits of locating a startup on the Internet.
Question 2: Describe the purpose and content of an income statement.
Question 3: Explain the purpose and content of a balance sheet.
Question 4: Explain how viewing the income statement and balance sheets together gives a more complete picture of a firm's financial position.
Question 5: How are ownership equity and debt differ from each other?
Question 6: Describe the three major components of a cash flow statement.